Alabama Auditor General publicly proposes to establish strategic Bitcoin reserve

Odaily Planet Daily News: Recently, Alabama Auditor General Andrew Sorrell publicly proposed the establishment of a Strategic Bitcoin Reserve (SBR), which is based on the growing interest of federal and state policy makers in SBR, as well as the significant rise in Bitcoin prices after Trump's election as president (with support for Bitcoin policies as his campaign platform). In an interview with the media, Sorrell emphasized the inevitability of his belief in the long-term success of Bitcoin and cryptocurrency: "The debate over whether cryptocurrency will succeed is over." He further emphasized the value of digital assets in expanding national investment portfolios: "As of now, cryptocurrency is a $3 trillion asset class, and the country's investment in cryptocurrency is zero. It is also the fastest-growing asset class with the greatest potential for price appreciation." In addition, he stated that establishing SBR has three main goals: portfolio diversification, cryptocurrency friendly positioning, and preventing currency related risks. What would happen if the inflation rate reaches 8% again? The value of Bitcoin is not affected by the trend of the US dollar, it will strengthen our country's balance sheet, and can be used as collateral for future debt issuances. "(Bitcoinist)