An executive order to update U.S. strategic reserves and recognize Bitcoin as a resource comparable to gold.
Bitcoin enters the U.S. political debate
On December 17, the Bitcoin Policy Institute submitted a draft executive order to the Trump administration proposing to include Bitcoin as a national asset. This step represents a significant change in the perception of cryptocurrencies by government institutions. The document highlights how Bitcoin can be considered a digital asset comparable to gold due to its decentralization and to thelimited offer.
The executive order requires the U.S. government to consolidate bitcoins held within seven days of signing. It also introduces a ban on sales and an acquisition program that aims to buy at least $21 billion in bitcoin within 60 days. This initiative could mark a turning point for government-wide adoption of cryptocurrencies and their integration into the mainstream financial system.
Why is bitcoin comparable to gold?
Bitcoin is often described as
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