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Recently, market analysts have proposed a bold idea: the United States could establish a Bitcoin national reserve with a target of 1 million coins. Based on current prices, the value of this reserve would be close to $94.5 billion.
What is the background of this idea? It is said to be aimed at attracting more crypto asset supporters to participate. If they really want to gather 1 million coins, the confiscated coins currently in hand are far from enough, and the gap is quite large.
However, it should be noted that this is still in the market speculation stage and not an official plan. To actually implement it, approval from Congress, coordination with the Treasury Department, and other steps are needed. Moreover, in political negotiations, there will certainly be many opposing voices.
If this plan ultimately becomes a reality, it could trigger a noticeable market buying wave. But before an official announcement is made, it’s more prudent to stay observant.