U.S. Strategic Bitcoin Reserve a 'Monumental Endorsement' of the Crypto: H.C. Wainwright
The establishment of a Strategic Bitcoin Reserve (SBR) in the U.S. is a "monumental endorsement" of the world's largest cryptocurrency, broker H.C. Wainwright said in a research report Monday. The move mints bitcoin's "legitimacy in the mold of humanity's most historically prized asset: gold," analysts Kevin Dede and Michael Donovan wrote.
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Only bitcoin already held by the US government will be included in President Donald Trump's crypto strategic reserve.
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