Recently, market analysts have put forward a bold idea: the United States could establish a Bitcoin national reserve with a target scale of 1 million BTC. Calculated at current prices, this reserve would be worth close to $94.5 billion.
What is the background for this idea? It is said to be aimed at attracting more participation from crypto asset supporters. To actually assemble 1 million BTC, the currently held confiscated coins would fall far short, with a significant shortfall.
However, it's important to note that this is currently still in the market speculation stage, not an official plan. For it to actually materialize, it would require Congressional approval, coordination from the Treasury Department, and multiple other steps. Moreover, in political negotiations, there would certainly be many opposing voices.
If this plan ultimately becomes reality, it could generate a noticeable wave of market buying. But before any definitive official announcement, it's more prudent for us to maintain an observational stance.
Recently, market analysts have put forward a bold idea: the United States could establish a Bitcoin national reserve with a target scale of 1 million BTC. Calculated at current prices, this reserve would be worth close to $94.5 billion.
What is the background for this idea? It is said to be aimed at attracting more participation from crypto asset supporters. To actually assemble 1 million BTC, the currently held confiscated coins would fall far short, with a significant shortfall.
However, it's important to note that this is currently still in the market speculation stage, not an official plan. For it to actually materialize, it would require Congressional approval, coordination from the Treasury Department, and multiple other steps. Moreover, in political negotiations, there would certainly be many opposing voices.
If this plan ultimately becomes reality, it could generate a noticeable wave of market buying. But before any definitive official announcement, it's more prudent for us to maintain an observational stance.