Industry Insider: Trump may announce plans to use Bitcoin as a strategic reserve asset for the United States at the 2024 Bitcoin Conference
BlockBeats news, on July 19th, according to CryptoSlate report, former US President Trump will make a milestone statement at the upcoming Bitcoin 2024 conference in Nashville. Industry insiders revealed that Trump may plan to use Bitcoin (BTC) as a strategic reserve asset for the United States.
Dennis Porter, co-founder of Satoshi Action Fund who is also attending the conference, posted on social media saying that the most likely direction for Bitcoin to become a strategic reserve asset of the United States is to become part of the Exchange Stabilization Fund (ESF) under U.S. Treasury Department.
BlockBeats note: Currently this event is only rumored. Until Trump releases an explicit statement, there are no definite news yet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: BTC value is only likely to rise significantly after the US election
Cardano has completed the first phase of the Chang hard fork
SEC Warns FTX Against Using Stablecoin and Other Cryptocurrencies to Repay Creditors