Since Election Day, Bitcoin’s value has climbed nearly 50% and, this week, it broke the $100,000 price barrier. Propelling the asset’s rapid ascent is talk of the United States creating a strategic Bitcoin reserve.
In July, President-elect Donald Trump vowed to create a “national Bitcoin stockpile.” Republican Senator Cynthia Lummis introduced a bill to use existing government funds to purchase 1 million bitcoins. And Democratic Congressman Ro Khanna came out in favor of the United States using its large stash of seized Bitcoin as a strategic reserve asset.
