Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Zhu Su: The establishment of the Strategic Bitcoin Reserve Act means that BTC is no longer seen as a "challenger to the US dollar"
2025-03-08 10:13:57

Odaily News Zhu Su posted on the X platform that the establishment of the Strategic Bitcoin Reserve Act sends an important signal, because the biggest risk facing Bitcoin over the years is being seen as a challenger to the US dollar, or being seen as a protocol that facilitates "illegal" transfers of funds. The Strategic Bitcoin Reserve allows Bitcoin to be regarded as a digital bearer asset at the same level as gold, which will be recognized in the West and even the world. The US government does not need to accumulate millions of Bitcoins, but only needs to make Bitcoin a single coordination point for digital value storage.