| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107266.3600000000 |
| ETH | $2432.2520000000 |
| BNB | $647.7749800000 |
| XRP | $2.1826930000 |
| ADA | $0.5647630000 |
| SOL | $150.5927000000 |
| DOGE | $N/A |
| DOT | $3.4017000000 |
| LTC | $86.0874000000 |
| LINK | $13.3466700000 |
Category: CRYPTO NEWS
The post Best Crypto to Buy After Top Analyst Says US Bitcoin Reserve Could Increase Crypto Adoption appeared on BitcoinEthereumNews.com. Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ryan Rasmussen, head of research at Bitwise Asset Management, believes that a strategic Bitcoin reserve could be a fundamental move in the accelerated global adoption of the digital asset. It will increase Bitcoin’s legitimacy and remove fears of government retaliation. Trump, on March 6, signed an order to put into motion the formation of a Bitcoin reserve consisting of assets forfeited in civil and criminal cases. This alone would amount to around 200,000 $BTC currently valued at around $17.9B. Not a single cent of taxpayers money would be expended for this purpose. The U.S. just established a Strategic Bitcoin Reserve calling it a “digital Fort Knox for digital gold.” – Ryan Rasmussen Rasmussen believes that this could lead to a global race of accumulating Bitcoin and similar digital assets. If the US accumulates Bitcoin, other countries cannot really afford to be at ‘zero.’ Simply put, this reserve will pressurize other nations and can lead to a global domino effect. Countries like El Salvador and Abu Dhabi have already been buying $BTC left, right, and center. Here’s a table showing current $BTC holdings of various nations: Countries $BTC Held Value United States 198,109 $19,756M China 190,000 $18,947M United Kingdom 61,245 $6,107M Ukraine 46,351 $4,622M Bhutan 11,791 $1,175M Effects of a Bitcoin Reserve Besides a global race, a government-recognized Bitcoin reserve will leave wealth managers in an inexcusable state. So far, fund houses, financial institutions, and other institutional wealth managers have…
2025-03-09T08:44:12+00:00
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