Trump Proposes State Bitcoin Reserve

Donald Trump has proposed creating a state Bitcoin reserve, suggesting the U.S. government retain all Bitcoin it holds or acquires, a plan which experts believe could bolster Bitcoin's price but limit market liquidity. However, financial researcher Nik Bhatia argues Bitcoin is still too immature to be considered a safe haven asset due to its volatility and short history. Renowned economist Paul Krugman mocked Bitcoin's 'store of value' narrative and Peter Schiff warned it could lead to inflation. Despite these criticisms, Bitcoin's potential as a hedge against fiscal policies and an institutional asset remains a topic of debate, particularly amidst significant market fluctuations.