From Gold to Oil to Bitcoin: The Evolution of Strategic Hoarding – Will BTC Be the Final Boss?
,%20an%20oil%20barrel.webp)
1. Gold Reserves (First Established: 19th - Early 20th Century) - Started: Central banks began holding gold as reserves in the 19th century. - Notable Event: The U.S. established the Gold Standard Act (1900) and built Fort Knox (1936) to store gold. - Purpose: Backed national currencies and ensured financial stability. 2. Oil Reserves (First Established: 1970s) - Started: After the 1973 Oil Crisis. - The U.S. created the Strategic Petroleum Reserve (SPR) in 1975 to secure energy supply. - Other Countries: China, India, and Europe followed with their own oil reserves. - Purpose: Stabilized fuel prices and ensured energy security. 3. Bitcoin Reserve (Proposed: 2024-2025) - Started: Proposed under Donald Trump’s administration in 2024 as a Strategic Bitcoin Reserve. - Purpose: St...