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Jack Mallers, CEO of the Bitcoin 
$102,543 wallet and payment application Strike, emphasized that creating a strategic Bitcoin reserve would benefit the American public from the ground up.
Economic Growth Expectations
In an interview with Kitco News, Mallers predicted that the new Trump administration will focus on economic growth and could implement supportive policies for businesses and innovation.
Mallers stated that the U.S. could address its financial issues, particularly budget deficits and debt problems, by building a strategic Bitcoin reserve. This initiative would be positive for individual investors, companies, and institutions that have invested in BTC.
“We want to show the public that we acknowledge the problem and are working on it.” – Jack Mallers
Legislative Developments
In July, Republican Senator Cynthia Lummis from Wyoming introduced a bill aimed at securing the value of the U.S. dollar in light of record national debt. The proposal aims to accumulate one million BTC, which is 5% of the total BTC supply, within five years.
“This move serves the public interest.” -Jack Mallers.
Mallers also noted that the strategic reserve would support public welfare, benefiting various sectors including business, labor, energy, and industry.
The U.S. strategic Bitcoin reserve proposal could strengthen the country’s role in the digital asset market and enhance its potential for financial stability. This step may create new opportunities for stakeholders across various sectors while positively contributing to the overall health of the crypto market.
