The U.S. government has taken a significant step by establishing a strategic reserve for bitcoin (BTC) and other digital assets, marking a “pivotal moment” for the cryptocurrency industry. According to investment bank KBW, this move signifies the world’s largest superpower embracing blockchain technology. The government currently holds about 198,000 bitcoins, with approximately 55% of this amount set to be returned to Bitfinex, leaving a balance of around 86,000 tokens. No bitcoins from this reserve will be sold, and the government is exploring options to increase its holdings. Potential strategies include selling some of its $800 billion in gold reserves or issuing U.S. Treasury Bitbonds, which could lower borrowing costs. Additionally, partnerships with U.S. miners for bitcoin royalties in exchange for tax incentives are under consideration.
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