๐ช BITCOIN As Reserve Currency a New Geopolitical Force ๐ด๐ต๐ถ
๐ฏ By surpassing 100K in December BTC has gained massive attention globally ๐
โ The mainstream adoption of Bitcoin (BTC) has moved from individual traders to institutional investors and now aiming at nation-states. The ongoing shift from traditional financial institutions to web3 protocols has seen the cryptocurrency industry scale to more than $3.82 trillion, thus surpassing the valuation of Apple Inc. (NASDAQ: AAPL) for the first time in this bull cycle. ๐
โ At a recent Bitcoin conference in Nashville, former U.S. President Donald Trumpย promisedย to maintain a โstrategic national bitcoin reserveโ and advocated for Bitcoin to be mined in the US, interestingly also noting that โif we donโt do it, China will do itโ. In addition, Senator Lummisย proposedย to introduce legislation calling for a โstrategic bitcoin reserveโ that will reduce national debt of the US by buying 1 million bitcoin over the course of five years. ๐ฐ
๐ฏ The US is not the only country considering this move, with a number of others having already implemented these policies, notably the first โ but not the only one and neither the last - El Salvador alreadyย adopted Bitcoinย as currency and added it as part of their national reserves. ๐ฑ
As more countries recognize the benefits of adopting Bitcoin as their sovereign reserve currency, a new world order begins to take shape representing a seismic shift from history. Through increased adoption of Bitcoin as reserve currency, we can only expect to see profound changes in the way nations interact economically and politically. ๐
โ๏ธ Let's stay positive keeping a watch at ongoing developments in Crypto Currency. This Bull Run could be the Pivot point in Revolutionaing Global Finance ๐
#BTCโ๏ธ #globaladoption #RevolutionizingFinance #OnchainlendingSurge