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Trump’s Crypto Aide Calls to Create Bitcoin Reserve Fast
The victory of President-Elect Donald Trump at the polls has made the cryptocurrency community delve into the many bitcoin and crypto-related promises he made while still in the campaign.
David Bailey, one of the aides to Trump’s campaign, has recently raised concerns about the necessity of quickly organizing a so-called ‘strategic’ bitcoin reserve, as other countries might adopt the idea and front-run the U.S. While not revolutionary—since countries like El Salvador and Bhutan have already established a bitcoin stockpiling strategy—this move would change the perception many have of Bitcoin, with a superpower like the U.S. designating it as a reserve asset.