Bitcoin strategic reserve: a bad idea? šŸ¤”

Critics have questioned candidates' pledges to create a U.S. strategic Bitcoin reserve following this week's crypto market volatility.

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šŸ“ What you need to know

Critics have questioned pledges by U.S. presidential candidates Donald Trump and Robert F. Kennedy, Jr. to create a strategic Bitcoin reserve, following this week's crypto market volatility.

Meanwhile, the International Monetary Fund weighed in on El Salvador’s experiment with holding Bitcoin, arguing that ā€œfurther efforts are neededā€ to mitigate risks from its crypto policy, while conceding that ā€œmany of the risks have not yet materialized.ā€

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šŸ’¬ Quote of the Day

ā

ā€œJust so I'm clear. BTFD! cause the BOJ caved.ā€

Arthur Hayes, co-founder, BitMEX

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