Bitcoin Crash Raises Concerns About U.S. Strategic Reserve Plans
The Idea and the Controversy
Several U.S. politicians, including Donald Trump and Robert F. Kennedy Jr., have floated the idea of creating a strategic Bitcoin reserve ahead of the U.S. elections. However, a BTC crash earlier this week has shaken that thesis. Bitcoin's price plunged below $50,000, triggering over $1 billion in liquidations amid fears of an impending U.S. recession. That volatility, according to some experts, underscores why Bitcoin would fall short as a strategic reserve asset.
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