Top cryptocurrency executives and investors are urging President-elect Donald Trump to create a national bitcoin stockpile, a move that could closely integrate the volatile cryptocurrency industry into the U.S. financial system. Trump has previously expressed interest in the idea, with some advocates suggesting he acquire billions of dollars worth of bitcoin and hold it long-term to potentially help reduce the national debt. However, economists and fiscal experts warn that the proposal carries significant risks, as bitcoin's price is highly volatile and could lead to taxpayer losses if its value drops. A bitcoin reserve could also primarily benefit current bitcoin owners, potentially enabling them to profit if prices rise due to the government's actions. Critics argue that the move could be costly and inflationary, with unpredictable consequences for the U.S. economy. Continue here.
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