Bitcoin, the original cryptocurrency, is referred to as “digital gold” because of its scarcity and security, having never been hacked.
With a fixed supply of 21 million coins, there is a strategic advantage to being among the first nations to create a Strategic Bitcoin Reserve.
The United States currently holds a significant amount of bitcoin but has not maximized its strategic position as a unique store of value in the global financial system.
Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion.
The Executive Order begins to resolve the current disjointed handling of cryptocurrencies seized through forfeiture by, and scattered across, various Federal agencies.
Currently, no clear policy exists for managing these assets, leading to a lack of accountability and inadequate exploration of options to centralize, secure, or maximize their value.
Bitcoin Plus
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