The case for a US Strategic Crypto Reserve: a necessary evolution

Written by James Tylee at Cyber.FM

Eight years ago, the idea of a US Strategic Crypto Reserve might have seemed unnecessary, even reckless. But the landscape has changed. Institutional investors are here, and other nations are moving forward. Whether we like it or not, we now must consider this move seriously -“it is what it is.” If the US fails to act, we risk falling behind in the next evolution of global finance. Recent developments indicate a growing global trend toward adopting cryptocurrencies at the national level, aligning with my perspective that the US should establish a strategic crypto reserve to remain competitive. US Strategic Bitcoin Reserve, already holds approximately 200,000 BTC which it has accumulated as part of criminal or civil proceedings and thus taken from various nefarious actors.

There is growing interest for the adoption of cryptocurrencies. El Salvador has continued to bolster its Bitcoin holdings, recently purchasing additional coins to strengthen its strategic reserves. The Czech national …