The CEO of Bitcoin wallet and payments application Strike believes that approving a US strategic BTC reserve benefits Americans from the bottom up.
In a new Kitco News interview, Jack Mallers says he expects the incoming Trump administration to boost the economy by making it clear that the government is pro-growth, pro-business and pro-innovation.
He also says the US can deal with its fiscal issues by building a strategic Bitcoin reserve. Mallers highlights that the move would be a huge positive for retail investors, corporations and institutions that already own BTC without negatively impacting those without skin in the game.
“We realize we have a deficit problem and a debt problem. We want to back our future promises with the future, with the fastest-growing asset. We want to give confidence to the people that we acknowledge the problem, and we’re building toward it.
This acts in the best interest of the public. It’s not we’re taking your stuff, it’s not we’re debasing your stuff, it’s not we’re taking the side of the banks.
The large supply of this asset is owned by the general public. This is a move that acts in the best interest of the people, this is a move that acts in the best interest of business. This is pro-business, this is pro-labor, this is pro-energy, this is pro-industry.”
In July, Republican Senator Cynthia Lummis of Wyoming said she would announce a bill to establish a BTC reserve as a means of securing the value of the US dollar amid a record-breaking national debt. The legislation would drive the US government to accumulate one million BTC or 5% of BTC’s total supply in five years.
At time of writing, Bitcoin is trading for $96,801, down over 1% on the day.
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