The U.S. Government May Begin Hoarding Bitcoin, But How and Why?

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Senator Cynthia Lummis with a copy of her bitcoin reserve bill (Danny Nelson/CoinDesk)
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And based on his Saturday speech, Trump is on board too! On-stage he said, “And so, as the final part of my plan today, I am announcing that if I am elected, it will be the policy of my administration … to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future … This will serve, in effect, as the core of the strategic national bitcoin stockpile.”

“Most of the bitcoin currently held by the [government] was obtained through law enforcement action. You know that. They took it from you. Let’s take that guy’s life. Let’s take his family, his house, his bitcoin. We’ll turn it into bitcoin. It’s been taken away from you, because that’s where we’re going now. That’s where this country is going to – fascist regime. And so I will take steps to transform that vast wealth into a permanent national asset to benefit all Americans …”



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