Why the US Buying Bitcoin is a Bad Idea

by

Ed.

From www.blakeoliver.com: (Podcast) Discussion of the proposed “Strategic Bitcoin Reserve,” which would have the US Treasury buy 1 million Bitcoin over five years.

Aspects include the high-risk nature of Bitcoin as a speculative asset, the potential for the US to unknowingly transact with adversaries, and legislative pushes in 13 states to invest public funds in cryptocurrency.

This may be a final effort by the crypto lobby to sustain prices as retail interest wanes.

Filed under: Cryptocurrency

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