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White House admits Iran war burned equivalent of half the US Bitcoin reserve in 6 Days
Estimating the $13B in the US's Iran war spending in Bitcoin highlights BTC's potential as a hedge against military-driven inflation and fiscal strain.
The United States spent in the first six days of its war with Iran an amount equal to nearly half the current market value of the Bitcoin held by the federal government.
The administration told lawmakers this week that the war cost at least $11.3 billion through its first six days, Reuters reported on March 11.
According to the report, the $11.3 billion estimate came from a closed-door briefing for senators on Tuesday and did not include the full cost of the conflict.
Meanwhile, the US officials also told lawmakers that $5.6 billion in munitions was used in the first two days of strikes. Several congressional members reportedly said they expect the White House to seek additional money from Congress.