Social Media Divided on Proposal for US Bitcoin Reserve
The idea of a U.S.-led bitcoin reserve has sparked a heated debate, with advocates citing its potential to bolster the economy and skeptics warning against its alignment with cryptocurrency’s core values.
Senator Cynthia Lummis’ proposed “BITCOIN Act” aims to integrate BTC into the national reserve strategy, fueling optimism for innovation but drawing criticism over concerns of government overreach.
While proponents envision a path to hyperbitcoinization, detractors highlight historical fears of state control, echoing past policies like Executive Order 6102. This discussion underscores a deeper clash between centralization and the decentralized ethos bitcoin represents.
Clever Robot News Desk 3rd December 2024
