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Cardano founder: BTC as a US reserve asset is costly and carries significant risks

Cardano founder: BTC as a US reserve asset is costly and carries significant risks

Odaily2024/08/09 13:47
By:Odaily
Odaily News Presidential candidate Robert Kennedy Jr. recently proposed using Bitcoin as a U.S. reserve asset, saying he would sign an executive order requiring the U.S. Treasury to purchase a total of 4 million Bitcoins. In response, Cardano founder Charles Hoskinson said that while strategic Bitcoin reserves may be beneficial to price trends, if the U.S. Treasury controls 19% of the BTC supply as it thinks, it will pose a significant centralization risk to Bitcoin. (Cointelegraph)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitcoin
Bitcoin
BTC
$110,462.35
+0.85%
Ethereum
Ethereum
ETH
$2,676
+5.13%
Tether USDt
Tether USDt
USDT
$1
+0.03%
XRP
XRP
XRP
$2.34
+1.06%
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BNB
$691.44
+2.37%
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Solana
SOL
$178.89
+1.54%
USDC
USDC
USDC
$0.9996
-0.02%
Dogecoin
Dogecoin
DOGE
$0.2296
+2.06%
Cardano
Cardano
ADA
$0.7699
+1.20%
TRON
TRON
TRX
$0.2753
+1.08%
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