Can Bitcoin Reserve Be the Magic Pill? 🏛️
Hello dispatchers! It’s Saturday and a special one.
We have been itching to talk about this. Who wouldn’t, right?
The world is about to see the first “crypto” President being sworn in about 48 hours. The world's largest economy is on the verge of doing something unprecedented – hoarding Bitcoin like it once did gold.
It can’t get bigger than this for the crypto world.
Two days before Donald Trump takes oath as the 47th president, signs of his "America First" crypto vision are already showing.
On January 16, New York Post reported that Trump is "receptive" to expanding the scope of his promised Strategic Bitcoin Reserve (SBR) to include US-based cryptocurrencies like USDC, Solana, and XRP.
The crypto community's reaction? A collective gasp.
While the crypto Twitter was busy debating Trump's latest pivot, the pro-crypto Senate isn’t waiting.
Cynthia Lummis, crypto's strongest ally in Congress, fired warning shots at the US Marshals Office this week, urging them to halt the liquidation of 70,000 Bitcoin ($6.9 billion) from the Silk Road seizure.
Her reasoning? Save it for the Strategic Bitcoin Reserve (SBR).
The question still remains. Can it really be the magic pill to the piling US debt crisis?
We explore that and more in today’s Wormhole.
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