Pierre Rochard, the Vice President of Research at Riot, has disclosed a three-step strategy for the US to utilize a BTC strategic reserve to support the economy.
Pierre Rochard, the Vice President of Research at Riot Platform, a Bitcoin miner, recently disclosed how the BTC Reserve plan could facilitate the repayment of the United States’ debt in a post on the X platform. He specifically recommended using BTC strategic reserves to assist in the repayment of national debt. This disclosure has stimulated discussions in the cryptocurrency market, garnering the attention of market enthusiasts.
Riot’s VP of Research is positive about the BTC Strategic Reserve
Pierre Rochard has recently disclosed a three-step strategy for the United States to address its debt in a post on X. More specifically, he encouraged users to acquire a BTC strategic Reserve, maintain it for 20 years, and use it to settle the national debt.
The Riot executive’s post has sparked discussions in the broader cryptocurrency market, particularly in light of the increasing apprehensions regarding the United States’ imminent recession. In the interim, he underscored that this strategy would resolve the economic challenges more effectively.
Nevertheless, a user has expressed apprehension regarding how much the US national debt will increase in the next two decades. Pierre Rochard, the Riot executive, stated that Bitcoin would transcend that level in the long term, which is indicative of his growing confidence in the flagship cryptocurrency.
BTC Strategic Reserve Bill is gaining strength in the United States
In a recent interview, former US president Donald Trump stated that Bitcoin and crypto cheques would help counterbalance the US national debt, which has reached an all-time high. This has garnered substantial interest from investors.
Furthermore, the Senate Banking Committee has been tasked with reviewing the most recent US Bitcoin Strategic bill. As Senate Cynthia Lummis reported, this action represents a significant milestone for the cryptocurrency community.
In the past 24 hours, the Bitcoin price has fallen below the $60,000 threshold but has since recovered to the $60,500 level. The market analysts are optimistic about the long-term value of the crypto despite the recent selloff.
The escalating dread of a US recession has prompted a flurry of analysts to predict that Bitcoin will become a preferred asset among investors. Pierre Rochard’s comments have garnered significant attention from the cryptocurrency community.
Nevertheless, investors should exercise caution when placing their wagers on digital assets.
