Kerby Anderson
At a conference last month, two presidential candidates talked about establishing a strategic reserve for America’s finances. Both Donald Trump and Robert Kennedy, Jr. spoke to a bitcoin conference and called for the establishment of a “Bitcoin Strategic Reserve.” In addition, Senator Cynthia Lummis (R-WY) explained her Bitcoin Reserve legislation to the audience that also included other members of Congress and CEOs of companies and billionaire investors.
Not so long ago, conversations about bitcoin were taking place in the periphery of society. No longer. Two presidential candidates spoke at the conference, and even the presidential campaign for Kamala Harris has been talking about cryptocurrency. Consider just a few of the comments by the two candidates.
Kennedy referred to a Bitcoin Strategic Reserve as “corruptions’ greatest foe.” He also said bitcoin is “anti-war.” Trump promised to make America a nation that leads in bitcoin. He also called for an end to “Operation Chokepoint 2.0” and for an end to the development of a CBDC.
One of the other speakers, Michael Saylor (Former CEO of MicroStrategy), refers to this idea as the Louisiana Purchase of our generation. He reminds people that, “Thomas Jefferson purchased the Louisiana Territory for $15 million in 1803 and nearly doubled the size of the United States. William Seward paid $7 million for Alaska that has a trillion dollars of oil underneath it.”
Will a strategic reserve be implemented in the next few years? It deserves attention and should be debated in Congress after the November election.
This post originally appeared at https://pointofview.net/viewpoints/strategic-reserve/?utm_source=rss&utm_medium=rss&utm_campaign=strategic-reserve
