White House admits Iran war burned equivalent of half the US Bitcoin reserve in 6 Days
The US spent $11.3 billion in the first six days of war with Iran, equaling nearly half the value of its Bitcoin reserves.Summary
The White House revealed that the initial six days of conflict with Iran cost at least $11.3 billion, a figure representing approximately 48.9% of the current market value of the US government’s Bitcoin holdings (328,372 Bitcoin, worth roughly $23.13 billion as of March 11). This spending rate equates to about $1.88 billion per day, potentially exhausting the entire reserve in just 12.3 days. Analysts like Arthur Hayes of BitMEX suggest that increased US war spending could strengthen Bitcoin’s long-term value by driving demand for assets outside the traditional financial system and increasing inflation. The Strategic Bitcoin Reserve, created by executive order, is intended to be held as a reserve asset and not sold, even during wartime, and is capitalized through asset forfeitures. Since the first US strike on Iran in late February, Bitcoin has gained nearly 4%, indicating growing investor interest.
(Source：CryptoSlate)