{"id":134478,"date":"2024-07-30T14:00:04","date_gmt":"2024-07-30T11:00:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134478"},"modified":"2024-07-30T13:20:09","modified_gmt":"2024-07-30T10:20:09","slug":"calls-for-u-s-bitcoin-reserve-intensify-as-inflation-and-debt-rise","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/calls-for-u-s-bitcoin-reserve-intensify-as-inflation-and-debt-rise\/","title":{"rendered":"Calls for U.S. Bitcoin Reserve Intensify as Inflation and Debt Rise"},"content":{"rendered":"

This idea is supported by pro-crypto figures like Donald Trump and Robert F. Kennedy Jr. and was echoed by Senator Cynthia Lummis at the Bitcoin Conference 2024.<\/p>\n

McClurg told Bloomberg that Bitcoin<\/a><\/strong>, as a \u201cglobal currency for the Internet,\u201d should be part of America\u2019s strategic assets.<\/p>\n

He argues that adding BTC to reserves could help mitigate inflation and address the lack of a monetary standard since the U.S. left the gold standard in the 1970s.<\/p>\n

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Read More:<\/h5>\n \n
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Robert Kennedy Jr. Highlights Bitcoin’s Importance for U.S. Fiscal Strategy<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

McClurg acknowledges the difficulties, especially given the current deficit. He suggests using the 183,000 BTC held by the U.S. government and purchasing more, but emphasizes the need to address the deficit and control spending first.<\/p>\n

The U.S. government recently moved 29,800 BTC worth $2 billion, which could complicate establishing a Bitcoin reserve.<\/p>\n

If the current administration sells the remaining BTC before a pro-crypto president takes office, further purchases may be required. Despite these challenges, Senator Lummis believes a BTC reserve could help combat national debt.<\/p>\n