{"id":144375,"date":"2024-12-10T11:00:12","date_gmt":"2024-12-10T09:00:12","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144375"},"modified":"2024-12-10T01:47:58","modified_gmt":"2024-12-09T23:47:58","slug":"economist-urges-u-s-government-to-sell-bitcoin-holdings-citing-potential-economic-benefits","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/economist-urges-u-s-government-to-sell-bitcoin-holdings-citing-potential-economic-benefits\/","title":{"rendered":"Economist Urges U.S. Government to Sell Bitcoin Holdings, Citing Potential Economic Benefits"},"content":{"rendered":"
Popular Bitcoin<\/a> <\/strong>critic Peter Schiff believes<\/a> <\/strong>that selling off the country’s BTC reserves would also put an end to discussions about creating a “Strategic Bitcoin Reserve,” a concept proposed by former President Donald Trump. This action, he argues, would prevent future complications for the next administration and ensure that campaign promises about not selling government-held Bitcoin remain intact.<\/p>\n These remarks come after the economist warned that Bitcoin could potentially harm the U.S. dollar, contributing to inflationary pressures and leading to a destabilizing financial bubble. Schiff contends that the government\u2019s further Bitcoin acquisitions could lead to the squandering of national wealth.<\/p>\n However, despite these concerns, efforts are underway to create a U.S. Bitcoin reserve. Senator Cynthia Lummis has introduced the “Bitcoin Act of 2024,” which would authorize the government to accumulate up to 1 million BTC over the next four years. This legislation could move forward even if the Biden administration sells its current holdings.<\/p>\n