Summary
- The Bitcoin Policy Institute has reportedly proposed the launch of a Bitcoin-linked treasury product called BitBonds.
- The product is said to have the effect of reducing the interest burden on U.S. treasuries while increasing the nation's Bitcoin holdings.
- It was explained as a means to implement President Donald Trump's strategic Bitcoin reserve plan.
According to The Block, a cryptocurrency-focused media outlet, the Bitcoin (BTC) Policy Institute, a U.S. think tank, has proposed the launch of a Bitcoin-linked treasury product called BitBonds.
The Bitcoin Policy Institute explained that "this product can reduce the interest burden on U.S. treasuries while simultaneously increasing the nation's Bitcoin holdings," and described it as "a means to directly implement President Donald Trump's strategic Bitcoin reserve plan."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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