What is a U.S. strategic reserve and why is Trump proposing it for bitcoin?

The best-known example is the U.S. Strategic Petroleum Reserve, created by an act of Congress in 1975.

Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Here’s how the plan could work.

​ The best-known example is the U.S. Strategic Petroleum Reserve, created by an act of Congress in 1975.

Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Here’s how the plan could work.