{"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":"<p>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<p>McClurg told Bloomberg that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>, as a \u201cglobal currency for the Internet,\u201d should be part of America\u2019s strategic assets.<\/p>\n<p>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<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/robert-kennedy-jr-highlights-bitcoins-importance-for-u-s-fiscal-strategy\/\" title=\"Robert Kennedy Jr. Highlights Bitcoin\u2019s Importance for U.S. Fiscal Strategy\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/bitcoin-2024-conference-ful-schedule-donald-trump-robert-kennedy-jr-1024x576-1-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Robert Kennedy Jr. Highlights Bitcoin\u2019s Importance for U.S. Fiscal Strategy<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>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<p>The U.S. government recently moved 29,800 BTC worth $2 billion, which could complicate establishing a Bitcoin reserve.<\/p>\n<p>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<p><iframe loading=\"lazy\" title=\"US Should Have a Strategic Bitcoin Reserve\" src=\"https:\/\/www.youtube.com\/embed\/T9X4FaaQmc4\" width=\"100%\" height=\"463\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steven McClurg, Digital Assets Head at CoinShares, suggests the U.S. should create a strategic Bitcoin (BTC) reserve.<\/p>\n","protected":false},"author":3,"featured_media":132367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-134478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Calls for U.S. Bitcoin Reserve Intensify as Inflation and Debt Rise<\/title>\n<meta name=\"description\" content=\"Steven McClurg, Digital Assets Head at CoinShares, suggests the U.S. should create a strategic Bitcoin (BTC) reserve.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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