According to a recent statement by Ryan Rasmussen, the Director of Research at Bitwise, the U.S. government’s intent is not to acquire all Bitcoin but to establish a strategic reserve. This move signals a pivotal shift in the cryptocurrency landscape, suggesting increased adoption among nations. Rasmussen emphasized that this initiative will eliminate excuses for wealth managers and financial institutions regarding their hesitance to invest in Bitcoin.
Moreover, the establishment of a U.S. strategic Bitcoin reserve highlights a diminishing risk associated with the government liquidating its Bitcoin holdings. This development could pave the way for heightened interest from pension funds and endowments, further legitimizing Bitcoin as a viable asset class. Ultimately, Rasmussen asserts that the risk of a government ban on Bitcoin has become negligible, indicating a long-term transformation in the market dynamics.
Source: https://en.coinotag.com/breakingnews/us-strategic-bitcoin-reserve-transforming-the-future-of-bitcoin-investment/