MARA Holdings is making some serious noise with its ambitious plan to roll out a Strategic Bitcoin Reserve across all 50 states in the U.S. CEO Fred Thiel is leading the charge, and it sounds like he’s got some exciting ideas up his sleeve.
Bitcoin is for everyone
Thiel laid out the company’s vision for the SBR, emphasizing that they’re laser-focused on bringing this initiative to both state and federal levels.
Jayson Browder, the Senior VP of Government Affairs & Social Responsibility at MARA, chimed in, saying that they’re actively engaging with the Trump Administration to push this forward.
Browder also mentioned that MARA will be backing Bitcoin advocacy groups to strengthen their efforts. It’s all about creating a supportive environment for Bitcoin enthusiasts and developers.
One after another, tick-tock
Now, here’s where it gets interesting. According to a report from the Bitcoin Voter Project, eleven states, including Florida, Alabama, Utah, Wyoming, and Massachusetts, have already introduced legislation related to the Strategic Bitcoin Reserve. Which state will be next?
Coinbase CEO Brian Armstrong is also on board with this whole reserve idea. He told the media that if countries can hold gold as a reserve, why not Bitcoin?
He believes that if the U.S. adopts a Bitcoin reserve, it could inspire other G20 nations to follow suit.
Price performance
As for Bitcoin’s price, it’s looking pretty good! The cryptocurrency has seen a bounce back with an increase earlier in the week, finally trading above around $100K again.
Trading volume has dipped, but there’s a healthy dose of long term optimism in the air thanks to MARA’s plans and Armstrong’s support.
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