search
Homeweb3.0Trump, Lummis and RFK Jr Propose Government Bitcoin Stockpiles

Never sell your bitcoin," Donald Trump told a cheering crowd at a crypto convention in Nashville, Tennessee in late July.

Trump, Lummis and RFK Jr Propose Government Bitcoin Stockpiles

Republican presidential candidate Donald Trump has pledged to keep 100% of all bitcoin (CRYPTO:BTC) the U.S. government currently holds or acquires in the future if elected.

The Trump campaign has also promised to establish a state bitcoin reserve, with a goal of acquiring up to 20% of the total bitcoin supply.

Currently, the U.S. government holds around 203,239 bitcoin, which is about 1% of the total global supply, according to data firm Arkham Intelligence.

The vast majority of the government's bitcoin holdings came from criminal seizures, including those from the now-defunct online marketplace Silk Road.

At current prices, the U.S. government's bitcoin holdings are worth around $11.1 billion.

To put that in perspective, MicroStrategy (NASDAQ:MSTR) is the largest non-state holder of bitcoin, with 226,500 BTC, according to its second-quarter results.

BlackRock's (NYSE:BLK) iShares Bitcoin Trust and Grayscale Bitcoin Trust hold 344,070 and 240,140 bitcoin, respectively, according to data site BitcoinTreasuries.

A government bitcoin stockpile could help to support the price of bitcoin, according to Mark Connors, head of global macro at Onramp Bitcoin.

"It would have a positive impact on price. It would have to because we've never had such a limited supply commodity, albeit digital, assume a new state of a reserve asset," Connors said.

However, such a reserve would also mean that there are fewer tokens available for crypto investors to trade, which could leave them vulnerable if the government ever decides to sell a portion of its reserves.

"RFK talked about having 19% of bitcoin, the same amount of the gold supply - I can't imagine a single bitcoiner would be happy about that," Connors added.

In addition to the United States, several other governments also hold significant amounts of bitcoin, according to BitcoinTreasuries.

China is the second largest government holder, with 190,000 coins, followed by Belarus (150,000 coins), Ukraine (130,500 coins), and Kazakhstan (120,000 coins).

The above is the detailed content of Trump, Lummis and RFK Jr Propose Government Bitcoin Stockpiles. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Gitcoin Labs, the primary software development unit of Ethereum public goods funding protocol Gitcoin is shutting downGitcoin Labs, the primary software development unit of Ethereum public goods funding protocol Gitcoin is shutting downApr 26, 2025 am 11:22 AM

The decision was made in part because a “path to profitability” was unrealistic, Gitcoin co-founder Kevin Owocki said in a statement.

RCO Finance (RCOF) Emerges as a Contender for the Next Top Crypto PickRCO Finance (RCOF) Emerges as a Contender for the Next Top Crypto PickApr 26, 2025 am 11:20 AM

The XRP price has stabilized at $2.13, with a 24-hour trading volume of $2.33 billion. However, its momentum has slowed, leaving investors seeking the next top crypto pick.

Bitcoin (BTC) Could Reach $1.5 Million per Coin by 2030, ARK Invest ProjectsBitcoin (BTC) Could Reach $1.5 Million per Coin by 2030, ARK Invest ProjectsApr 26, 2025 am 11:18 AM

Investor and CEO Cathie Wood's ARK Invest firm projects that Bitcoin could reach $1.5 million per coin by 2030

The Swiss National Bank has rejected holding bitcoin reserves, citing concerns over cryptocurrency market liquidity and volatility.The Swiss National Bank has rejected holding bitcoin reserves, citing concerns over cryptocurrency market liquidity and volatility.Apr 26, 2025 am 11:16 AM

"For cryptocurrencies, market liquidity, even if it may seem ok at times, is especially during crises naturally called into question"

As Trump Announces a 90-Day Delay for Tariffs on Cryptocurrency Imports, Speculators and Investors Begin to Outline Potential RisksAs Trump Announces a 90-Day Delay for Tariffs on Cryptocurrency Imports, Speculators and Investors Begin to Outline Potential RisksApr 26, 2025 am 11:14 AM

As the US President Donald Trump announced a 90-day delay for the tariffs on cryptocurrency imports, speculators and investors began to outline potential risks to the broader cryptocurrency market.

Spotting 'one small detail' on 50p coin from 2011 could earn you £2,000Spotting 'one small detail' on 50p coin from 2011 could earn you £2,000Apr 26, 2025 am 11:12 AM

This Olympics-themed coin is highly sought after by collectors if it features a specific design.

Brits are being urged to be on the lookout for a highly sought-after 50p coin that has the potential to be worth a staggering £2,000Brits are being urged to be on the lookout for a highly sought-after 50p coin that has the potential to be worth a staggering £2,000Apr 26, 2025 am 11:10 AM

This coin is highly prized by collectors if it features a specific design.

Spotting 'one small detail' on 50p coin from 2011 could earn you £2000Spotting 'one small detail' on 50p coin from 2011 could earn you £2000Apr 26, 2025 am 11:08 AM

This Olympics-themed coin is highly sought after by collectors if it features a specific design.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

VSCode Windows 64-bit Download

VSCode Windows 64-bit Download

A free and powerful IDE editor launched by Microsoft

SAP NetWeaver Server Adapter for Eclipse

SAP NetWeaver Server Adapter for Eclipse

Integrate Eclipse with SAP NetWeaver application server.