Alabama Auditor Publicly Proposes Strategic Bitcoin Reserve
Andrew Sorrell, the auditor of Alabama, recently proposed the establishment of a Strategic Bitcoin Reserve (SBR). This proposal is based on the increasing interest of federal and state policymakers in SBR and the significant increase in bitcoin prices after the election of President Trump (who campaigned on supporting bitcoin policies). In addition, he stated that the establishment of SBR has three main goals: portfolio diversification, cryptocurrency-friendly positioning, and prevention of currency-related risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Windows and Android Might Be Dangerous for Crypto Holders, According to CryptoQuant CEO
Altcoin Investors Watching Closely as This $0.0013 Token Is Forecasted to Outshine DOGE and ADA
Hawk Tuah investors file a lawsuit against promoters
Today's Fear and Greed Index is 73, and the level is still Greedy
Trending news
MoreCrypto prices
More
