Trump's bitcoin reserve a 'digital Fort Knox'
- President Donald Trump established a "Strategic Bitcoin Reserve" to support the cryptocurrency sector in an executive order.
- White House crypto chief David Sacks described the reserve as "a digital Fort Knox," emphasizing its significance.
- The reserve will be funded by approximately 200,000 bitcoins, valued at $17 billion, seized from various civil and criminal cases.
- Critics argue that cryptocurrencies lack intrinsic value and are considered risky compared to gold.
108 Articles
108 Articles
Maximum Voltage in the Cryptocurrency World: Why Trump Moves From Hope to Nightmare for ‘Cryptobros’ · Global Voices
The beginning of the year is being frenzied for all kinds of investments. Bonds rise and capriciously lower their yields and also stocks swing overnight with important ups and downs. But it is the cryptocurrencies for their most speculative character, that take the first prize to volatility. A few twists often provoked by the irrepressible verb of the new White House tenant, Donald Trump, on tariffs and also on his willingness to “make the Unite…
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