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One of Trumps promises during his campaign was to create a strategicBitcoinreserve similar to the Strategic Petroleum Reserve.
The order partly delivers on his promise, signaling changes are beginning to happen.
Heres how economists think a national Bitcoin stockpile could impact the economy.
Also seewhy experts are calling Bitcoin digital gold and what it means for investors.
And increasing its holdings via a reserve could impact inflation, according to experts.
This policy shift would signal to the market that its not looking to liquidate.
This strategy could enhance national financial stability, potentially leading to a stronger economy and more robust currency.
It will also offer diversification beyond traditional assets like gold, silver and foreign currencies, he said.
Doing so could bolster the legitimacy of Bitcoin.
Help Pay Down Government Debt
The U.S. government currently has over $36 trillion in federal debt.
A large Bitcoin stockpile could help the government offset national debt in the coming years.
PerNPR, a lot of critics are sounding the alarm about serious consequences due to Bitcoins volatility.
Because of that, the U.S. government would be more exposed if Bitcoin were to see a steep drop.
Some Bitcoin critics also dont see the cryptocurrency as anything but a speculative asset, NPR reported.
We need something that isnt going to be inflated away, something hard and real in reserve.
While there could be a lot of benefits, there are also concerns to be aware of.
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