{"id":3386,"date":"2024-11-27T18:03:12","date_gmt":"2024-11-27T18:03:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3386"},"modified":"2024-11-27T18:03:12","modified_gmt":"2024-11-27T18:03:12","slug":"donald-trump-to-establish-a-national-bitcoin-reserve-pros-vs-cons-compared","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3386","title":{"rendered":"Donald Trump To Establish A National Bitcoin Reserve? Pros Vs Cons Compared"},"content":{"rendered":"<div>\n<p>President-elect <strong>Donald Trump<\/strong> is considering a proposal to establish <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42121376\/strategic-bitcoin-reserve-wouldnt-require-new-taxpayer-dollars-says-sen-cynthia-lummis\">a national Bitcoin reserve<\/a>, a move that could intertwine cryptocurrency with U.S. fiscal strategy.<\/p>\n<p><strong>What Happened: <\/strong><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42122348\/trumps-planned-crypto-council-may-oversee-bitcoin-reserve-report\">Cryptocurrency executives are rallying<\/a> behind the idea, advocating for the U.S. government to acquire billions of dollars&#8217; worth of Bitcoin as a long-term asset, according to a <a href=\"https:\/\/www.washingtonpost.com\/business\/2024\/11\/27\/trump-strategic-bitcoin-reserve-plan\/\">report<\/a> by The Washington Post on Wednesday.<\/p>\n<p>Proponents argue that<strong> Bitcoin<\/strong>&#8216;s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) value growth could help pay down the national debt, which now exceeds $36 trillion. <\/p>\n<p>However, critics warn of significant risks, citing the volatility of crypto markets and potential taxpayer exposure.<\/p>\n<p>The plan has drawn mixed reactions. <\/p>\n<p>Trump has signaled openness to the idea, with a promise to stop federal sales of seized Bitcoin and instead build <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41986427\/pennsylvania-introduces-bitcoin-strategic-reserve-act-to-invest-up-to-700-million-in-btc\">a strategic reserve.<\/a><\/p>\n<p>Speaking at a summer conference, Trump stated, &#8220;For too long, the government has violated the cardinal rule that every Bitcoin owner knows by heart: Never sell your Bitcoin.&#8221; <\/p>\n<p>He added that the reserve would become a &#8220;permanent national asset to benefit all Americans.&#8221;<\/p>\n<p><strong>What Supporters Are Saying<\/strong><\/p>\n<p>Supporters claim that holding Bitcoin could be a transformative fiscal tool.<\/p>\n<p><strong>Cody Carbone<\/strong>, president of the <strong>Digital Chamber<\/strong> lobbying &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42220158\/donald-trump-to-establish-a-national-bitcoin-reserve-pros-vs-cons-compared\" alt=\"Donald\" trump to establish a national bitcoin reserve pros vs cons compared>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President-elect Donald Trump is considering a proposal to establish a national Bitcoin reserve, a move that could intertwine cryptocurrency with U.S. fiscal strategy. What Happened: Cryptocurrency executives are rallying behind the idea, advocating for the U.S. government to acquire billions of dollars&#8217; worth of Bitcoin as a long-term asset, according to a report by The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3386","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3386"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3386\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}