Trump Proposes National Bitcoin Stockpile if Elected, Plans to Retain All Government-Held Bitcoin as Strategic Reserve. What Does This Mean for BTC Holders

Benzinga 2024-08-06

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Donald Trump announced a plan to keep 100% of bitcoin currently and future held by the US government as part of a "strategic national bitcoin stockpile" if elected president. The US government currently holds around over $11 billion worth of cryptocurrency from seizures, including more than 200,000 Bitcoin tokens. This represents around 1% of total bitcoin in circulation. A government stockpile could impact bitcoin's price positively by signaling it as a reserve asset, but it also means less bitcoin available for private investors to trade.

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