The US’s plan to create a strategic reserve for Bitcoin is a topic worth pondering and analyzing. Under the new leadership of President Donald Trump, a plan has been announced to turn Bitcoin into a reserve asset similar to the strategic oil reserve. The idea of a strategic reserve for Bitcoin is intended to strengthen the US’s position as a global leader in cryptocurrencies, and provide protection against inflation and economic volatility.
According to reports, there is a proposal by Senator Cynthia Lummis to buy 1 million bitcoins over five years, which would mean buying 200,000 bitcoins per year. This proposal is aimed at reducing the national debt and strengthening the US dollar globally. Some US states such as Texas, Pennsylvania, and Massachusetts have already begun exploring or creating local bitcoin reserves, reflecting the growing acceptance of cryptocurrencies as financial assets.
However, there is still debate about the usefulness of such a reserve. Proponents argue that Bitcoin can be a hedge against inflation like gold, while opponents argue that Bitcoin’s volatile nature makes it unsuitable for a strategic reserve. The issue requires a deep analysis of the potential economic consequences and risks associated with it, including its impact on the Bitcoin market and the US economy as a whole.
If this project is implemented, the United States could become the leading force in determining how cryptocurrencies are used in national economic policy, which could lead to a change in the global economic order.
