The United States urged the sale of 1.4 billion pounds of cheese to buy Bitcoin ⋅ Crypto World Echo
The Bitcoin Policy Institute (BPI) proposed an unconventional approach to strengthening the US government Bitcoin Reserves – selling off the country’s strategic cheese reserves.
March 7 mail In X, BPI suggested that the United States can use returns from liquidating its cheese stocks to finance bitcoin purchases.
According to the institute:
“America must immediately filter strategic cheese reserves and transfer returns to Bitcoin.”
BPI added that Bitcoin, instead of cheese, should be the origin held in strategic reserves.
Matthew Siegel, head of research at You areand Repeat This feelings, and questioning the need to maintain cheese reserves. He suggested replacing it with a neutral origin like bitcoin, which may be a more intelligent financial step.
According to the United States, the United States has between 1.4 billion and 1.5 billion pounds of cheese in cold storage, a stock that is valued at about $ 3.4 billion. This inventory is found due to government policies designed to stabilize dairy prices and support farmers.
Bitcoin Reserve
The proposal follows the president Donald TrumpThe last announcement of Bitcoin strategic reserve initiative.
This step will allow the United States to adhere to the current Bitcoin while exploring neutral budget strategies to expand their current holdings without imposing additional costs on taxpayers.
White House Amnesty International and Crypto CZAR David SachsHe said:
“The United States will not sell any bitcoin deposited in the reserve. It will be kept as a value store. Reserve is similar to a digital fortress for the cryptocurrency often called” digital gold. “
With this in mind, the encryption community members suggest several ways for the United States to develop Bitcoin more reserves.
Matthew Pines, CEO of BPI, Proposal OPEC can be used from US dollars, golden reserves, foreign currency rights, and revenues from the privatization of government -sponsored institutions (GSES) to finance additional acquisitions on bitcoin.
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