A company that is changing the way the world mines bitcoin

BitcoinSistemi 2025-03-03 18:38:08

Crypto-Friendly Millionaire Anthony Pompliano Calls US Altcoin Reserve “Insanity,” Explains Why It’s Not Viable

US President Donald Trump's proposal to create a cryptocurrency strategic reserve has sparked a huge backlash, with financial expert and investor Anthony Pompliano describing the idea as “crazy.” Speaking at Varney & Co, the founder and CEO of Professional Capital Management expressed skepticism about the inclusion of multiple cryptocurrencies in the proposed reserve. The plan, which reportedly involves holding five or six different digital assets, has drawn comparisons to a hedge fund. Pompliano questioned how the government would determine the allocation of assets within the reserve, particularly how it would balance assets like Bitcoin and Solana: “How do you decide if you want more Solana and less Bitcoin? How do you do that? We don't know all the details yet, but from what we know right now, it's crazy.” Pompliano noted that Trump’s initial campaign discussions revolved around a Bitcoin-only strategic reserve, emphasizing BTC’s limited supply and status as a global store of value. However, recent reports suggest that the reserve could include multiple U.S.-based cryptocurrencies rebranded as an “America first” crypto initiative. Related News: There Will Be Intense Cryptocurrency Spotlight In The US Senate This Week - Here Are The Details Of The Development Expected To Be Positive “Bitcoin is strategic because it has a limited supply, is backed by the most powerful computing network, and is completely decentralized,” Pompliano explained. “If we’re adding random altcoins to the reserve, why not Tesla, GameStop, or hedge fund interests? That approach just turns it into speculation.” Bitcoin reserves have become a growing trend among some countries, including El Salvador, Bhutan, Russia, and the UAE. The Abu Dhabi Sovereign Wealth Fund has also reportedly started buying Bitcoin. Pompliano noted that these countries view Bitcoin similarly to gold and hold it as a strategic asset. “Countries are treating Bitcoin like gold and stockpiling it on their balance sheets. That’s the strategic value,” he said. Pompliano suggested that Trump’s inclusion of multiple cryptocurrencies could be a negotiating tactic. He suggested that the initial plan could be a starting point that would eventually result in a Bitcoin-only reserve, referencing the president’s well-known bargaining style. “If you think about The Art of the Deal, maybe he wants five or six assets but he’s only willing to negotiate down to Bitcoin,” he suggested, adding: “I don’t know if that’s what he’s doing, but I hope so.” *This is not investment advice. Continue Reading: Crypto-Friendly Millionaire Anthony Pompliano Calls US Altcoin Reserve “Insanity,” Explains Why It’s Not Viable

Meist gelesene Nachrichten

US customs may have thought Bitcoin miners we...
2025-03-07
David Sacks Highlights $17 Billion Loss from...
2025-03-07
Revolutionary Mistral OCR API: Effortless PDF...
2025-03-07
US President Trump Creates Strategic Bitcoin...
2025-03-07
Crypto Leaders Head to Trump’s White House Su...
2025-03-07
Superstate Paves the Way for Digital Asset Ma...
2025-03-07
Superstate’s Bold Move: SEC Greenlights Digit...
2025-03-07
Trump Signs Order Setting Up Bitcoin 'Fort Kn...
2025-03-07

Ähnliche Neuigkeiten

Alarming OpenAI AI Safety Claims: Ex-Lead Criticiz...
07 Mar 2025
Sam Bankman-Fried Faces PR Challenges as Crisis Ma...
07 Mar 2025
Trump Signs Order Creating Bitcoin Reserve and Cry...
07 Mar 2025
Potential Misclassification Leads to Seizures of T...
07 Mar 2025
US Government’s Strategic Bitcoin Reserve: 198,109...
07 Mar 2025
U.S. Establishes Strategic Bitcoin Reserve Amidst...
07 Mar 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen