The article discusses an advocacy group's push for Donald Trump to accumulate substantial Bitcoin reserves, led by fossil fuel interests aiming to dismantle environmental regulations. This initiative could impose significant financial burdens on taxpayers and workers' retirement funds while increasing Bitcoin's legitimacy and demand, leading to potential price surges benefiting a minority of Bitcoin holders. Proponents claim this could help address the federal deficit and enhance the U.S.'s financial innovation, raising ethical and environmental concerns surrounding cryptocurrency's impact on climate initiatives.
A Bitcoin advocacy group pushing President-elect Donald Trump to stockpile massive amounts of cryptocurrency is run by fossil fuel operatives seeking to eliminate environmental regulations.
If governments stockpile Bitcoin, it could significantly boost its legitimacy and demand, driving prices up and burdening taxpayers.
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