Cryptocurrencies
Trump Bitcoin Reserve Plan Seen as Just ‘Symbolic Little Stash’
- Former president pledges not to sell existing stockpile
- Market is preoccupied with on-chain movement of seized tokens
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Donald Trump’s recent pledge to create a “strategic national Bitcoin stockpile” may turn out to be not as large of a commitment as the hype surrounding the announcement makes it seem.
“Trump’s proposal is extremely modest,” said George Selgin, director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute, a Washington-based public policy group. “It doesn’t have much of an economic implication.”