Trump posted on his own social network earlier endorsing a crypto reserve:
- Trump bails out Bitcoin – “to move forward on a Crypto Strategic Reserve”
- A US$195mn buy order was placed & filled on BTC and ETH before Trump’s announcement
Arthur Hayes, co-founder of BitMEX:
- Trump’s announcement not new
- “just words”
- needs congressional approval and the ability to borrow money or revalue gold, the government would have no funds to buy Bitcoin or other cryptocurrencies
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