Crypto analysts expect Bitcoin to become a reserve asset if Donald Trump wins the upcoming election. This development could spark a global hash war between the top economies.
Key Points
Donald Trump’s support for Bitcoin has sparked discussions about Bitcoin as a reserve asset.
Bitcoin advocate Max Keiser predicts a “global hash war” between nation-states in the future.
Major political figures such as Vivek Ramaswamy, Robert F. Kennedy, Jr., and Senator Cynthia Lummis have supported the inclusion of Bitcoin in the country’s financial strategy.
Amid former President Donald Trump’s strong support for Bitcoin, discussions on Satoshi Street have emerged about the possibility of Bitcoin being used as a reserve asset during Trump’s presidency. Bitcoin magnate Max Keiser said that if this happens, there will be a “global hash rate” where top economies will compete for Bitcoin hash rate.
Will Donald Trump Keep Bitcoin as Part of His Treasury?
Donald Trump’s recent support for Bitcoin highlights the geopolitical importance of the asset class, while warning that policies targeting Bitcoin could benefit China and Russia. Currently, the United States is the largest holder of Bitcoin, which gives it an advantage over other countries. Former President Trump understood this and tried to take advantage of it.
Democrat Ro Khanna seeks to stop Trump from taking over $2 trillion cryptocurrency industry…
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