It gives the encryption market and takes: After President Trump’s plan for National encryption reserves Reaction From both Republicans and investors, the prices of digital symbols that will participate to the top – then declined. (Bitcoin was trading of about $ 83,800 early on Tuesday, a decrease of about $ 10,000 from one day.)
The plan motivated many questions about how it works and the risks that will participate.
How will the national reserve work?
Mr. Trump carried a campaign last summer to create a file Federal Bitcoin stock And appointed investment capitalism David Sachs as for him Caesar encryption. The advisors suggested that you adhere to any bitcoin currency that the government has already seized by criminals, which is recently estimated at about 17 billion dollars.
A Bill proposed By Senator Cinema Lomes, Wyoming Republic, will direct the government to buy about 200,000 bitcoins annually over a period of five years, at a value of $ 90 billion. (To help pay the price of this, the bill suggests obtaining $ 4.4 billion of surplus surplus in the Federal Reserve, which reduces the treasures of the Treasury.
An unknown person is whether Mr. Trump, in the face of divisions between Republican legislators on the idea of reserve, will seek to test the legal limits on his authority and create one by one side.
Will the taxpayer money share?
Estake this possibility the most critical. Jo Lonsale, a financier and supporter of Trump, said he was “it was”A mistake for me on the bladder plans for his brothersAnother investor launched the suggestion “An unforgettable mistake“It would” enrich the knowledgeable and creative of these coins at the expense of the American taxpayer. “
Some CEOs of encryption put forward the idea of creating a specific tax for reserve financing, such as taxes on transactions that involve 27.6 trillion dollars Stoplkwin Market.
How can the government surround the encryption fluctuations?
Given the wild fluctuations in digital currencies, the possibility of using taxpayers ’money that is used for what is effective in speculative investment has sparked real concern. “there Nothing strategic or reasonable Isaar Brasad, an economist at Cornell University, said about this idea. “This will definitely be great for the current Bitcoin holders, and it’s certainly bad for taxpayers.”
This also means that the United States government will play the role of the capital’s allocations, which is the idea of Mr. Sakz himself criticize In the 2021 publication that appeared after Mr. Trump’s proposal.
What will be the benefits?
In theory, the government can use any profit from its encrypted investment to pay the debts of the country of $ 36 trillion.
But the skeptics say that the most obvious winner is Mr. Trump, who put a Its encoding project Who holds millions of dollars of symbols that are included in the reserve. Others are the CEOs of encryption, many of whom donated widely to the re -election of Mr. Trump. An example is that Ripple, which is the XRP code one of the five who Mr. Trump said will be included – and any of them 45 million dollars donated To PAC at the level of industry that sought to help elected Mr. Trump and other Republicans.
What do we not know?
a lot. The assortment of strange symbols of the fund indicates that Mr. Trump is advised by a fairly narrow collection.
