The post Could the U.S. Become the Biggest Bitcoin Whale by 2045? appeared on BitcoinEthereumNews.com.

The U.S. government may adopt Bitcoin as a strategic reserve to address mounting national debt and economic challenges. Political and corporate interest in Bitcoin grows, aligning with historical strategies for long-term financial diversification. The likelihood of the US government becoming the biggest Bitcoin whale by 2045 is no longer just speculation. A big change is indicated by ideas like Pennsylvania’s proposal to fund a national Bitcoin Strategic Reserve and $7 billion to be allocated to Bitcoin as a treasury reserve asset, as we previously highlighted. With State Representative Mike Cable calling it a visionary step to ensure Pennsylvania’s financial future, Pennsylvania’s proposal alone includes investing $700 million of its strategic fund into Bitcoin. Concurrent with rising debt, the federal government adds $1 trillion in just four months, emphasizing even more the need for alternate approaches. Simply Bitcoin host Dante Cook emphasizes that unless radical policies are taken, this debt problem could cause unavoidable collapse. Bitcoin as a Modern-Day Manifest Destiny for the U.S.  This change would call for bipartisan backing, a difficult but ever more likely possibility. The political terrain now mostly favors Bitcoin. Well-known people, including Senator Lummis and former President Donald Trump, have adopted crypto-friendly attitudes. Trump’s change from a skeptic of Bitcoin to an advocate of building a U.S.-led cryptocurrency hub exposes a seismic movement. Furthermore, speculations on the possible retirement of SEC Chair Gary Gensler could open the path for national regulations more fit for the acceptance of Bitcoin. These developments have sparked comparisons to earlier American acquisitions like the Louisiana Purchase and the purchase of Alaska, both of which generated sizable long-term profits. The attraction of Bitcoin as a Treasury reserve asset is its ability to diversify financial assets and help to reduce debt. Based on historical examples, smart investments in underpriced assets kept for…

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Filed under: News - @ November 17, 2024 6:12 am