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Crypto gets a Trump tailwind but troubling questions remain
A Bitcoin reserve raises issues related to utility, conflicts of interest and the primacy of the US dollar, but will confer legitimacy and spur more crypto adoption.
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Around the time of Mr Trump’s inauguration, a lot of crypto investors had apparently assumed that there would be aggressive Bitcoin acquisition by the government, which led to heavy purchases.
PHOTO: BLOOMBERG
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During his election campaign, candidate Donald Trump vowed to make the United States “the crypto capital of the planet”. As president, he has lost little time in attempting to deliver on this pledge.
On March 6, he signed an executive order to create a “Strategic Bitcoin Reserve”
