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International Business Times

Business

Marvie Basilan

YOU WONT BELIEVE: Bitcoin as a reserve asset is possible but difficult to pull off expert - What They Never Told You

Bitcoin Donald Trump United States Michael Saylor Cynthia Lummis Crypto DOJ

Can Bitcoin be used as a U.S. reserve asset? (Credit: QuoteInspector.com/flickr)

KEY POINTS

Trump may declare Bitcoin as a strategic reserve for the US at Bitcoin 2024: 10x Research
Sen. Cynthia Lummis previously 'having Bitcoin in reserve' can boost the US dollar
Michael Saylor has talked about $BTC being a treasury reserve asset in 2021

The cryptocurrency community on X (formerly Twitter) has been abuzz since the weekend after speculation emerged that Republican presidential nominee Donald Trump may declare Bitcoin as a U.S. reserve asset during his keynote address at Bitcoin 2024 later this week. If he does make the big declaration, how will it affect market prices, and for starters, is it even possible?

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