Trump's bitcoin reserve a 'digital Fort Knox'
1 week, 5 days ago

Trump's bitcoin reserve a 'digital Fort Knox'

Raw Story  

The creation of a "Strategic Bitcoin Reserve" in the United States is further proof of President Donald Trump's support for the cryptocurrency sector. Trump earlier this month signed an executive order establishing the reserve, which White House crypto chief David Sacks has likened to "a digital Fort Knox", comparing it to the stockpiling of gold bars at the US military base. An advantage of the bitcoin reserve is its transparency, since the level of tokens will be known at all times -- unlike the amount of gold placed in Fort Knox. Additionally, with the bitcoin reserve, "we're dealing with a rare asset that's much more suited to today's world", Ifrah told AFP.

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