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Franklin Templeton: "U.S. Bitcoin (BTC) Reserves May Alleviate Fiscal Deficit Concerns"

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JH Kim
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  • Franklin Templeton assessed that the U.S. government's Bitcoin reserves represent a landmark event in Bitcoin history.
  • They stated that the U.S. government's recognition of Bitcoin as a reserve asset could improve long-term fiscal health.
  • They explained that the U.S. policy of not intending to sell criminal proceeds will have a positive impact on encouraging Bitcoin holdings in the future.
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Global asset manager and Bitcoin (BTC) spot ETF issuer Franklin Templeton stated on the 11th (local time) through its official X (formerly Twitter) account that "the U.S. government's strategic Bitcoin reserves represent a landmark event in Bitcoin history" and diagnosed that "the federal government's recognition of BTC as a reserve asset emphasizes Bitcoin's value and legitimacy, which will help improve long-term fiscal health and alleviate concerns about fiscal deficits."

They continued, "While Bitcoin remains a highly volatile asset with risks, this U.S. measure will be very positive for the industry," adding that "it is particularly significant that the U.S. has made it clear it has no intention to sell approximately 200,000 BTC confiscated from criminal proceeds. The U.S. policy could encourage sovereign nations and institutions to hold Bitcoin in the future."

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JH Kim

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