Trump: The U.S. government should not sell cryptocurrency
In a recent interview, Trump stated that the U.S. government should not sell cryptocurrencies. When asked about the U.S. government's recent sale of cryptocurrencies and whether he would still support them if he won the November election, Trump said that the U.S. government should not be selling cryptocurrencies but instead focus on building up their presence in this field. Furthermore, Trump referred to cryptocurrency as a "very modern currency," comparing it to artificial intelligence. He has previously expressed his desire for America to become a major Bitcoin mining country. According to Arkham Intelligence monitoring, last week a wallet marked as belonging to the U.S. government transferred $2 billion worth of Bitcoin to an unknown wallet address. The U.S Government currently still holds approximately $11 billion worth of cryptocurrency.
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
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
South Korea's exports in the first 20 days of September continued strong momentum, with chip exports soaring by 259%, remaining a key driver of growth.
Early September exports from South Korea help maintain strong momentum in the chip boom.
British Pound slips as hawkish Fed outlook boosts US Dollar