VanEck Exec Calls for US Bitcoin Strategy Reserve via Budget Amendments

Matthew Sigel, head of digital assets at VanEck, urges the U.S. to consider a strategic Bitcoin reserve mirroring its oil reserves, using budget amendments to incentivize environmentally friendly mining practices and guide Bitcoin accumulation. His proposed framework focuses on tax deductions for methane utilization by miners, potentially leading to direct government acquisition of Bitcoin. Sigel advocates for aligning economic incentives with national goals, suggesting this method fosters organic growth of the reserve.