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The Rise of the Federal Bitcoin Reserve

Governments Accumulating Bitcoin: Bullish or Bearish?

Throughout history, governments and rulers have been preoccupied with accumulating treasure, as being a sovereign power requires more wealth than anyone else. The quintessential treasure has traditionally been gold, whose scarcity, desirability, durability, and liquidity give it universal value. Sovereign entities have accumulated gold to consolidate power, meet the costs of waging war, and support the value of national currencies.