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strategic Bitcoin reserveFortune
•Business
Business & Economics
75% Informative
Fifteen states in total have introduced or passed bills that seek to create Bitcoin reserves.
A Bitcoin reserve would be a government-owned and operated stash of the crypto coins, similar to stores of gold or oil.
Supporters argue that Bitcoin could potentially serve as a way for states to diversify their financial portfolios.
But some fear the new trend is just an attempt to capitalize on crypto’s newfound political clout.
However, voters may balk at the idea of the government dabbling in crypto, and legislators could face an uphill battle. Ben Wiener , one of the founding members of the South Dakota Blockchain Institute , says that while he understands the argument for a national Bitcoin reserve, legislators will have to frame a state-level reserve in such a way that makes it sound like a win for everyone. “It's gonna be a tough sell in South Dakota ,” he said. This story was originally featured on Fortune.com .
VR Score
73
Informative language
69
Neutral language
34
Article tone
semi-formal
Language
English
Language complexity
58
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
17
Source diversity
9
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