{"id":144381,"date":"2024-12-10T13:00:00","date_gmt":"2024-12-10T11:00:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144381"},"modified":"2024-12-10T01:57:07","modified_gmt":"2024-12-09T23:57:07","slug":"trumps-bitcoin-reserve-proposal-sparks-strong-opposition","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/trumps-bitcoin-reserve-proposal-sparks-strong-opposition\/","title":{"rendered":"Trump’s Bitcoin Reserve Proposal Sparks Strong Opposition"},"content":{"rendered":"
Speaking on Bloomberg TV, Summers, who previously managed the U.S. gold reserves under Bill Clinton, dismissed<\/a> <\/strong>the concept as \u201ccrazy,\u201d emphasizing that unlike gold or oil, Bitcoin<\/a> <\/strong>lacks tangible uses or strategic importance.<\/p>\n Summers also questioned the rationale behind the proposal, suggesting that it was more about appeasing donors within the cryptocurrency industry than serving any national interest. He described Bitcoin as an \u201cunproductive inventory\u201d with no clear purpose for a national reserve.<\/p>\n The proposal was first floated by Trump at a Bitcoin conference in July, where he outlined plans to counter global competitors like China by establishing a Bitcoin reserve.<\/p>\n