In a bold move, the US government has established a Strategic Bitcoin Reserve, potentially reshaping the future of Bitcoin on a global scale. This controversial reserve is seen by Bitwise’s Matt Hougan as a pivotal step in reducing the likelihood of a total US ban on Bitcoin, making it tougher for entities like the IMF to label it dangerous. But what does this reserve really represent? Is it progress or merely a rebranding of confiscated assets? And how might this initiative resonate internationally, amid contrasting opinions? The true implications are compelling.
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