Bitcoin as a US strategic reserve asset could create ‘monetary stability’ – BPI

Bitcoin as a US strategic reserve asset could create ‘monetary stability’ – BPI
фото показано с : cryptoslate.com

2024-11-5 14:45

Bitcoin’s maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin’s evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy.

The Bitcoin Policy Institute (BPI) released a comprehensive report on how the US could leverage a Bitcoin reserve to bolster its economic stance, counterbalance adversaries, and promote democratic values in a rapidly digitalizing world.

According to BPI, establishing a US Strategic Bitcoin Reserve could achieve several strategic goals. First, it may reinforce monetary stability by adding a non-debt-based, finite asset to the national reserve mix, complementing traditional holdings like gold. Bitcoin’s decentralized nature and fixed supply present a hedge against inflation and currency devaluation. Second, in the context of escalating geopolitical rivalries, a US Bitcoin reserve would allow America to assert leadership in global finance while countering China’s push to build alternative digital finance systems.

Integrating Bitcoin mining with renewable energy aligns with US climate goals, as mining’s time-flexible energy demand could support grid stability and renewable power generation. By incentivizing renewable energy development and reducing peak loads, Bitcoin mining offers a market-driven solution to energy challenges.

However, BPI accepts that concerns about potential risks warrant examination. Critics suggest that a Bitcoin reserve could expose the US to volatility and market manipulation. Yet, proponents argue that volatility reflects Bitcoin’s nascent adoption and that an SBR would not be speculative but serve as a strategic asset in economic resilience. By signaling confidence in Bitcoin, the US could also attract capital from a digitally inclined generation and reinforce global dollarization via Bitcoin-backed stablecoins.

In conclusion, as digital finance reshapes global economic power, BPI believes a Strategic Bitcoin Reserve provides the US an opportunity to reinforce its financial system’s stability, support democratic values, and address energy goals—all without undermining the dollar’s dominance.

The post Bitcoin as a US strategic reserve asset could create ‘monetary stability’ – BPI appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Dix Asset (DIX) на Currencies.ru

$ 1.0E-7 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $1.0E-7 - H: $1.0E-7
Капитализация $11.516k Rank 99999
Доступно / Всего 100b DIX

bitcoin asset stability strategic recognized financial policymakers

bitcoin asset → Результатов: 126


Bitcoin Open Interest Growth Lags As Price Rebounds: Here’s What It Means For BTC

As Bitcoin (BTC) recovers from recent lows of around $52,500, open interest in the digital asset is rising much slower than the asset’s price. Bitcoin Relief Rally Could Be Spot-Driven Cryptocurrency trader and investor Daan Crypto made an interesting observation about Bitcoin’s open interest and the asset’s price action. In a post published on X, […]

2024-9-11 02:00


Analyst Uncovers BlackRock Long Interest In Bitcoin Mining – Details

Based on a recent report by Bloomberg analyst Jamie Coutts, asset managers’ interest in Bitcoin stretches beyond exchange-traded funds (ETF) into the mining sector. In particular, Coutts speaks about BlackRock, describing the asset manager’s application with the US Securities and Exchange Commission (SEC) to offer a Bitcoin spot ETF as “unsurprising.

2023-9-27 03:00


Фото:

SEC Filing Shows Blackrock Held Bitcoin Futures Contracts Worth $6.15 Million

After signaling its intention to get exposed to bitcoin, Blackrock, the world’s largest asset manager, has now revealed its initial investments toward the crypto asset. According to the asset manager’s filing with the Securities and Exchange Commission (SEC) on March 31, Blackrock, through its Global Allocation Fund, held 37 bitcoin futures contracts worth $6.15 million. […]

2021-4-4 17:30


How Bitcoin of America’s ATM Host Program has Helped Hundreds of Local Businesses

The flagship cryptocurrency, Bitcoin has once again proven itself to be the most valuable asset as it continues to maintain a bullish trend after briefly breaching the $40,000 mark. The rising price of the digital asset combined with the need for alternative investments amid the current tumultuous market conditions has increased interest in Bitcoin among […]

2021-1-19 15:32