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Bitcoin Supermacy

  • Bitcoin, the original cryptocurrency, is referred to as “digital gold” because of its scarcity and security, having never been hacked.
    • With a fixed supply of 21 million coins, there is a strategic advantage to being among the first nations to create a Strategic Bitcoin Reserve.
    • The United States currently holds a significant amount of bitcoin but has not maximized its strategic position as a unique store of value in the global financial system.
    • Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion.
  • The Executive Order begins to resolve the current disjointed handling of cryptocurrencies seized through forfeiture by, and scattered across, various Federal agencies.
  • Currently, no clear policy exists for managing these assets, leading to a lack of accountability and inadequate exploration of options to centralize, secure, or maximize their value.

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