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Bitcoin strategic reserve: a bad idea? 🤔

Bitcoin strategic reserve: a bad idea? 🤔

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

Stephen Graves
August 08, 2024

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📝 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 “further efforts are needed” to mitigate risks from its crypto policy, while conceding that “many of the risks have not yet materialized.”

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Recent BTC price volatility calls into question the wisdom of a proposed federal Bitcoin strategic reserve.

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“Just so I'm clear. BTFD! cause the BOJ caved.”

Arthur Hayes, co-founder, BitMEX

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DeFi network Radix has created RadQuest, a gamified onboarding platform, to make getting started with the Radix ecosystem fun and simple. Join RadQuest mascot Jetty on a series of quests that showcase Radix’s user-friendly interface and unique features, collecting Elements and Morph Energy Cards to build your own unique RadMorph NFT.

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