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Trump’s plan for a US bitcoin reserve looks far-fetched

The idea of building a national bitcoin stockpile took a hit when the largest cryptocurrency tanked amid macroeconomic fears

Trump’s plan for a US bitcoin reserve looks far-fetched
Photo: Illustration by Elias Stein

The idea of building a national bitcoin reserve took a hit this past week, as the largest cryptocurrency tanked amid macroeconomic fears.

That bitcoin is volatile isn’t new, but the plunge comes on the heels of former president Donald Trump committing to building a “strategic national bitcoin stockpile”.

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