{"id":35367,"date":"2025-01-22T17:58:23","date_gmt":"2025-01-22T14:58:23","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=35367"},"modified":"2025-01-22T17:58:23","modified_gmt":"2025-01-22T14:58:23","slug":"us-bitcoin-strategic-reserve-divides-opinions","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/us-bitcoin-strategic-reserve-divides-opinions\/","title":{"rendered":"US Bitcoin Strategic Reserve Divides Opinions!"},"content":{"rendered":"<p>Donald Trump\u2019s return to the Oval Office after the 2024 elections has opened a new chapter for the cryptocurrency world. <strong>Bitcoin<\/strong>, memecoins, and the future of the US crypto sector became focal points at the World Economic Forum in Davos, Switzerland.<\/p>\n<p>Amid the memecoin frenzy surrounding the <strong>Official Trump (TRUMP) token<\/strong>, industry leaders presented an optimistic outlook for the establishment of a <strong>Bitcoin strategic reserve<\/strong> during the forum\u2019s sole cryptocurrency-themed session.<\/p>\n<p><strong>Coinbase CEO Brian Armstrong<\/strong> reaffirmed that the idea of creating a Bitcoin reserve remains alive and well, adding:<\/p>\n<p><em>\u201cSenator Cynthia Lummis is actively pushing for this. The US government holds reserves in assets like gold and oil. However, <strong>Bitcoin<\/strong> should now be seen as the new gold standard.\u201d<\/em><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/us-bitcoin-strategic-reserve-divides-opinions\/#Central_Banks_Criticize_Bitcoin_as_a_Reserve_Asset\" title=\"Central Banks Criticize Bitcoin as a Reserve Asset\">Central Banks Criticize Bitcoin as a Reserve Asset<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/us-bitcoin-strategic-reserve-divides-opinions\/#The_Trump_Effect_and_New_Optimism_for_US_Crypto\" title=\"The Trump Effect and New Optimism for US Crypto\">The Trump Effect and New Optimism for US Crypto<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Central_Banks_Criticize_Bitcoin_as_a_Reserve_Asset\"><\/span>Central Banks Criticize Bitcoin as a Reserve Asset<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The session included one non-crypto panelist, South African Reserve Bank Governor <strong>Lesetja Kganyago<\/strong>, who dismissed the idea of holding Bitcoin as a reserve. Kganyago emphasized South Africa\u2019s focus on <strong>CBDCs<\/strong> (Central Bank Digital Currencies) and blockchain utility over Bitcoin\u2019s value.<\/p>\n<p>He stated:<\/p>\n<p><em>\u201cWhy Bitcoin? If we consider it as a reserve, why not platinum, coal, or even strategic reserves of beef or apples?\u201d<\/em><\/p>\n<hr \/>\n<p><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-shared-that-memecoin-flew-up-500\/\">Elon Musk Shared, That Memecoin Flew: Up 500%!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p>In response, Armstrong highlighted Bitcoin\u2019s superiority over gold:<\/p>\n<p><em>\u201cBitcoin is provably scarce like gold but far more portable and divisible. It was the best-performing asset of the past decade. Central banks could start by holding 1% of their reserves in Bitcoin, but over time, this could surpass gold reserves.\u201d<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-01\/01948d6b-386b-7138-9b55-9335d6e9e8d2\" alt=\"bitcoin\" width=\"2923\" height=\"2037\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Trump_Effect_and_New_Optimism_for_US_Crypto\"><\/span>The Trump Effect and New Optimism for US Crypto<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SkyBridge Capital founder <strong>Anthony Scaramucci<\/strong> noted that Trump\u2019s presidency brought renewed optimism to the crypto industry. Reflecting on Trump\u2019s speech at a Bitcoin conference, Scaramucci stated:<\/p>\n<p><em>\u201cIt was clear that if Trump won, the crypto industry would see significant changes. Meanwhile, the Democratic Party failed to adopt a clear position, which contributed to their losses in the presidency, the House, and the Senate.\u201d<\/em><\/p>\n<p>Stellar Foundation director <strong>Denelle Dixon<\/strong> acknowledged the challenges posed by US regulations, which have driven the crypto industry to look abroad:<\/p>\n<p><em>\u201cDespite the regulatory environment, the demand for the US dollar made it impossible to ignore the American market.\u201d<\/em><\/p>\n<p>Armstrong concluded by emphasizing the impact of Trump\u2019s presidency:<\/p>\n<p><em>\u201cThe \u2018Trump effect\u2019 cannot be denied. His administration has brought fresh optimism and opportunities for the crypto industry to thrive in the United States.\u201d<\/em><\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump\u2019s return to the Oval Office after the 2024 elections has opened a new chapter for the cryptocurrency world. Bitcoin, memecoins, and the future of the US crypto sector became focal points at the World Economic Forum in Davos, Switzerland. Amid the memecoin frenzy surrounding the Official Trump (TRUMP) token, industry leaders presented an<\/p>\n","protected":false},"author":28,"featured_media":31444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[61,192,2747,1800,151,58,11138,1730,1332,9059,7667,11188],"class_list":["post-35367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-bitcoin","tag-blockchain","tag-brian-armstrong","tag-cbdc","tag-coinbase","tag-cryptocurrency","tag-davos","tag-donald-trump","tag-memecoin","tag-trump-token","tag-us-bitcoin-reserve","tag-world-economic-forum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Bitcoin Strategic Reserve Divides Opinions! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/us-bitcoin-strategic-reserve-divides-opinions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Bitcoin Strategic Reserve Divides Opinions! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Donald Trump\u2019s return to the Oval Office after the 2024 elections has opened a new chapter for the cryptocurrency world. 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