The US government plans to use existing funds from the Federal Reserve and the Treasury to purchase 1 million bitcoins to establish a national bitcoin reserve. This decision has attracted widespread attention worldwide because it means that the United States will become the world's largest bitcoin holder, holding 5% of the entire Bitcoin network, similar to the United States' share of global gold reserves. This move is not only a great recognition of Bitcoin, but also reflects the United States' strategic layout in the global financial field. Through this action, the United States has demonstrated its emphasis on future digital finance and its prediction of the global economic landscape. Senator Cynthia Loomis likened the plan to the Louisiana Purchase, suggesting that this is a historic investment that may bring huge returns. This marks that the United States' leadership in the field of digital currency is strengthening, aiming to gain greater initiative for the future digital currency economy. The deep reasons behind the United States' move include Bitcoin's digital sovereignty, bargaining chips in the global financial game, potential tools to consolidate the hegemony of the US dollar, and political dividends for cryptocurrency supporters. By holding a large amount of Bitcoin reserves, the United States hopes to maintain its dominant position in the future financial system and prepare for possible changes in the global financial system. At the same time, this strategy is also a preemptive means for the United States in the global digital currency competition, aimed at avoiding being overtaken by other countries in emerging fields.
In addition, by reserving Bitcoin, the United States is also strengthening the hegemony of the US dollar in the global financial system, especially its influence in the digital currency market.
The prices of virtual currencies such as Bitcoin are mostly denominated in US dollar stablecoins, which allows the US dollar to maintain its dominant position in the virtual currency market. The United States' purchase of Bitcoin is actually laying a new foundation for future international financial rules and economic order.
Globally, this action by the United States may trigger other countries to re-evaluate Bitcoin and virtual currencies, and may prompt some countries to adjust their existing virtual monetary policies.