Bitcoin Recognized As Treasury Reserve Asset in US: Saylor
Main Idea
Michael Saylor celebrates the US government's recognition of Bitcoin as a Treasury Reserve Asset, though the Treasury has no immediate plans to purchase additional Bitcoin.
Key Points
1. Michael Saylor announced the US government's acknowledgment of Bitcoin as a Treasury Reserve Asset via his X account.
2. The US Treasury Secretary confirmed the government's intent to utilize its existing 200,000 BTC holdings but has no plans to buy more Bitcoin.
3. Satoshi ally Back commented on the decision, suggesting the 'budget-neutral' statement might justify overspending.
4. Anthony Pompliano, CEO of ProCap Financial, supported the Treasury's stance on Bitcoin.
5. The announcement sparked mixed reactions within the Bitcoin community.
Description
Michael Saylor celebrates US government finally giving grand official recognition to Bitcoin
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