Opinion: Trump's Bitcoin Reserve Plan may become a watershed in the cryptocurrency market
According to Internet reports, Trump publicly supported the Bitcoin Reserve Plan and urged the U.S. government to hoard Bitcoin as a strategic asset. The plan has the support of politicians including Porter and Loomis, and has attracted bipartisan attention. Trump's support gave the once-marginalized concept political momentum and became a watershed moment for the cryptocurrency market. Democratic Congressmen of California and Republican Senators of Wyoming have proposed adding Bitcoin to U.S. reserve assets, relying in part on U.S. gold reserves. However, critics believe that this could strengthen U.S. financial dominance and challenge the concept of Bitcoin decentralization. Still, supporters believe the move will help deal with the debt crisis and drive global financial innovation.
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