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Viewpoint: Trump's push for US strategic Bitcoin reserves may lead to other countries' 'sovereign level FOMO'

2024-11-21 12:52

Odaily Planet Daily News: Macroeconomics expert Mark Moss, host of the Bitcoin podcast "The Mark Moss Show," said that Trump positioning himself as the "Bitcoin President" may push the United States to adopt strategic Bitcoin reserves, which will trigger a "game" and lead to "sovereign level FOMO (fear of missing out)" in other countries. Mark Moss mentioned that Senator Cynthia Lummis from Wyoming has proposed a bill to establish a strategic Bitcoin reserve and plans to increase it by 200000 bitcoins annually until the book holding reaches 1 million bitcoins. Under Trump's leadership, this plan is "very likely" to become a reality. "If the United States does this, both G7 and G20 countries will be affected... Other countries have begun to pay attention to this matter and start buying Bitcoin, which has brought great upward momentum to Bitcoin prices (kitco)

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