US Policy May Accelerate Global Institutions' Adoption of Cryptocurrency
On March 8, Chengnuo Data reported that the CEO of First Digital stated that the United States prioritizing Bitcoin as a reserve asset not only solidifies its position as digital gold but also sets a precedent for accelerating the development of regulatory frameworks and promoting institutional adoption globally.
This move is bound to provoke various reactions from global regulators. For countries aligned with US policy, this may expedite their establishment of national strategic reserves. This confidence can encourage institutions to go on-chain, increase participation, inject liquidity into decentralized finance markets, and broaden interest in other digital assets such as stablecoins.
