{"id":3625,"date":"2024-12-03T05:01:33","date_gmt":"2024-12-03T05:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3625"},"modified":"2024-12-03T05:01:33","modified_gmt":"2024-12-03T05:01:33","slug":"can-your-bitcoin-be-confiscated-if-trump-establishes-a-national-reserve-analyst-says-government-can-employ-carrot-and-stick-policy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3625","title":{"rendered":"Can Your Bitcoin Be Confiscated If Trump Establishes A National Reserve? Analyst Says Government Can Employ Carrot-And-Stick Policy"},"content":{"rendered":"
\n

The expectations of a U.S. strategic Bitcoin <\/strong>(CRYPTO: BTC<\/a>) reserve have skyrocketed following Donald Trump’s<\/strong> presidential victory, with the cryptocurrency sector firmly behind the ambitious idea.<\/p>\n

Trump called for a strategic national Bitcoin stockpile<\/a> at a conference earlier this year, while also advocating against selling state-owned Bitcoin stash.<\/p>\n

While nothing concrete has come from Trump since this advocacy, his Republican colleagues, especially Sen. Cynthia Lummis<\/strong> (R-Wy.), have proposed legislation, called the BITCOIN Act, to purchase one million Bitcoins<\/a> over five years.<\/p>\n

Individuals connected to the digital assets industry have given a thumbs up to the idea.<\/p>\n

The For And Against Debate<\/h2>\n

Joe McCann<\/strong>, founder and CEO of cryptocurrency hedge fund Asymmetric, <\/strong>told Benzinga that the move could position the U.S. as a “leader in crypto.”<\/p>\n

McCann said that if the reserve gains more buzz and moves closer to reality, it’s likely to spur Bitcoin’s increase significantly.\u00a0\u00a0<\/p>\n

“The market is already somewhat anticipating the potential impact, but I don’t think a lot of people have “priced in” the idea that if this were to actually pass [BITCOIN Act], other countries would also want to acquire a percentage …<\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The expectations of a U.S. strategic Bitcoin (CRYPTO: BTC) reserve have skyrocketed following Donald Trump’s presidential victory, with the cryptocurrency sector firmly behind the ambitious idea. Trump called for a strategic national Bitcoin stockpile at a conference earlier this year, while also advocating against selling state-owned Bitcoin stash. While nothing concrete has come from Trump […]<\/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-3625","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\/3625","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=3625"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3625\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}