Former US Treasury Secretary Calls Trump’s National Bitcoin Reserve Proposal ‘Crazy’
2025-06-23 14:35:56
Description
President-elect Donald Trump’s proposal to establish a national Bitcoin reserve has ignited a wave of criticism from economic experts, including former Treasury Secretary Larry Summers. Summers, who managed the US national gold reserve during Bill Clinton’s administration, described the idea as “crazy” and lacking a clear purpose in a recent interview . Bitcoin Reserve Proposal As ‘Politically Motivated’ Summers articulated his skepticism, asserting that while it makes sense to stockpile tangibl...
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