Donald Trump announced a plan to keep 100% of bitcoin currently and future held by the US government as part of a "strategic national bitcoin stockpile" if elected president. The US government currently holds around over $11 billion worth of cryptocurrency from seizures, including more than 200,000 Bitcoin tokens. This represents around 1% of total bitcoin in circulation. A government stockpile could impact bitcoin's price positively by signaling it as a reserve asset, but it also means less bitcoin available for private investors to trade.
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00:00It's Benzinga and here's what's on the block.
00:02Donald Trump announced a plan to keep 100% of Bitcoin currently held by the U.S. government
00:07as part of a strategic national Bitcoin stockpile if elected president.
00:11The U.S. government currently holds around over $11 billion worth of cryptocurrency from
00:16seizures, including more than 200,000 Bitcoin tokens.
00:19This represents around 1% of total Bitcoin in circulation.
00:23A government stockpile could impact Bitcoin's price positively by signaling it as a reserve
00:28asset, but it also means less Bitcoin available for private investors to trade.
00:32For all things money, visit Benzinga.com.