A Bitcoin Reserve Could Be the Biggest Crypto Scam Yet
Bloomberg reports that US Government crypto purchases would merely enrich current holders at the public’s expense.
Does the US government need a strategic reserve dedicated to Bitcoin, as President-elect Donald Trump seems to be contemplating? At risk of oversimplifying: no. In fact, the idea looks like the biggest crypto rip-off yet. Bitcoin has soared more than 50% since Nov. 4, topping $100,000 in part on hopes that crypto advocates — having donated some $135 million to... ...
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