Andrew Sorrell, auditor geral do Alabama, diz sim à reserva estratégica estadual Bitcoin
O auditor geral do estado do Alabama, Andrew Sorrell, apelou ao Alabama para liderar outros estados no estabelecimento de reservas estratégicas Bitcoin . Ele observou que o preço do Bitcoin subiu mais de 50% desde as eleições nos EUA, e o entusiasmo de Trump pelas criptomoedas sinalizou um tron apoio federal.
Sorrell também destacou que a reunião de Trump com os principais executivos de criptografia durante sua campanha tornou sua promessa de criar uma 'reserva estratégica nacional Bitcoin ' uma realidade mais tangível até julho de 2025. A norte-americana Cynthia Lummis já apresentou a Lei Bitcoin , que exige que o governo federal armazene Bitcoin .
Sorrell pressiona pela reserva estratégica Bitcoin do estado do Alabama
Andrew Sorrell, auditor geral do estado do #Alabama , propôs o estabelecimento de uma reserva estratégica de #Bitcoin . Ele disse que o valor do Bitcoin não é afetado pela tendência do dólar americano, fortalecerá o balanço dos EUA e poderá ser usado como garantia para… pic.twitter.com/swA2vSWMZT
— MartyParty (@martypartymusic) 11 de dezembro de 2024
Sorrell asked the state of Alabama to consider putting up a strategic Bitcoin reserve, emphasizing that it could help address debt while strengthening the U.S. dollar and protecting against inflation. His call came as other states considered strategic crypto reserves to promote individual states’ BTC holdings outside the federal government.
Pennsylvania and Florida are currently debating models for holding Bitcoin reserves. He believes the increase in states’ accumulation of Bitcoin would ultimately attract state businesses and investments.
Sorrell also believed in diversifying a well-balanced portfolio that included different types of asset groups. He noted that most states had zero exposure to crypto, a $3 trillion asset class. According to Sorrell, crypto was the most rapidly growing asset class, averaging 55% annually for the last 15 years, and it has the greatest potential for price increase.
“The debate over whether crypto will succeed has ended. Now, the fight for which states will benefit from it has begun. The states that are first to adopt a tax and regulatory framework that are friendly to crypto will attract business and investment.”
–Andrew Sorrell
According to the state auditor, bonds and treasuries investments had their place, but earning a yield of 4% with 2.7% inflation, barely broke even. He added that Alabama would benefit by diversifying investments away from dollar-based assets. Sorrell noted that Bitcoin’s value was not affected by what happened to the U.S. dollar. He argued that BTC holders could even benefit from the demise of the dollar. It would strengthen individual states’ balance sheets and could be used as collateral for debt issuances in the future.
The authorization of BTC and ETH ETFs simplifies crypto acquisition
Sorrell claimed that the details about states holding Bitcoin reserves were still being worked on since it was a relatively new idea. He, however, mentioned that states could now buy into crypto as easily as purchasing stocks because the U.S. SEC had authorized BTC and ETH ETFs. Sorrell suggested that Alabama’s BTC reserve could be modeled after the federal ASBR (American Strategic Bitcoin Reserve) promised by Trump.
The state auditor general continued to say that Alabama should use a dollar-cost-averaging approach over two years. He advised that buying during a bull market was not the best timing, but monthly purchases over a period of two years were a better strategy that averaged out the state’s entry price.
Notably, Sorrell advocated for a gradual approach to crypto investment, although he was all-in on the Bitcoin reserve idea (whether state or federal). He explained that ownership of rapidly growing asset classes came with the increased risk of volatility. For this reason, Sorrell asked crypto investors to ignore short-term market trends and focus on long-term returns instead.
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