{"id":135821,"date":"2024-08-20T16:00:58","date_gmt":"2024-08-20T13:00:58","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135821"},"modified":"2024-08-20T13:28:25","modified_gmt":"2024-08-20T10:28:25","slug":"us-government-accumulating-bitcoin-could-pose-risks-warns-expert","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/us-government-accumulating-bitcoin-could-pose-risks-warns-expert\/","title":{"rendered":"US Government Accumulating Bitcoin Could Pose Risks, Warns Expert"},"content":{"rendered":"<p>At the recent Bitcoin2024 Conference, presidential candidate Robert F. Kennedy Jr. <strong><a href=\"https:\/\/cryptodnes.bg\/en\/here-is-kennedys-bold-plan-to-integrate-bitcoin-in-the-u-s-economy\/\">proposed<\/a><\/strong> that, if elected, his administration would amass four million BTC as a strategic reserve.<\/p>\n<p>Meanwhile, Senator Cynthia Lummis introduced a bill aiming for the US government to acquire one million <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong>, or 5% of the total supply, over the next five years.<\/p>\n<p>Pal, in a conversation with Skybridge Capital\u2019s Anthony Scaramucci, cautioned that the government\u2019s potential control over a large Bitcoin reserve could lead to market manipulation.<\/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\/crypto-strategist-foresees-major-market-rebound-and-altcoin-surge-here-is-when\/\" title=\"Crypto Strategist Foresees Major Market Rebound and Altcoin Surge \u2013 Here is When\">\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\/02\/unnamed-_1_-1-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Strategist Foresees Major Market Rebound and Altcoin Surge \u2013 Here is When<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>He noted that while additional buyers can benefit the crypto market, the involvement of the government\u2014an entity traditionally associated with financial control\u2014could undermine Bitcoin\u2019s purpose of decentralizing monetary authority.<\/p>\n<p>Pal expressed unease about the government\u2019s potential to influence Bitcoin\u2019s price by either dumping or accumulating it, drawing parallels to how central banks manage traditional currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real Vision&#8217;s Raoul Pal has expressed concerns about the implications of the US government accumulating significant amounts of Bitcoin (BTC). <\/p>\n","protected":false},"author":3,"featured_media":75358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-135821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US 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