#WhiteHouseCryptoSummit

The White House's proposal to consider Bitcoin as a reserve asset raises doubts. Firstly, the extreme volatility of Bitcoin contradicts the purpose of reserves — to provide stability. Price fluctuations can exacerbate risks for the economy. Secondly, the lack of a unified regulation in the crypto industry opens up space for manipulation and speculation. Thirdly, the energy-intensive mining of Bitcoin contradicts global green energy goals.

Moreover, the promotion of Bitcoin could undermine the role of the dollar as the world's currency, which remains the foundation of the global financial system. Instead of experimenting with risky assets, it is worth focusing on improving regulated instruments (such as CBDCs or stablecoins like USDC) that combine innovation with reliability. Caution should prevail over hype.