Alabama Comptroller Publicly Proposes Establishment of Strategic Bitcoin Reserve
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2024-12-11 21:32 9,650
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Golden Finance reports that recently, Alabama Comptroller Andrew Sorrell publicly proposed the establishment of a Strategic Bitcoin Reserve (SBR). This proposal is based on the growing interest in SBR from federal and state-level policymakers and the election of President Trump (he It was proposed in the context of the sharp rise in the price of Bitcoin after the election platform of supporting Bitcoin policies).
Furthermore, he stated that SBR was established with three main goals: portfolio diversification, crypto-friendly positioning, and protection against currency-related risks.