Investor Anthony Pompliano expressed his view that the race for Bitcoin among countries has begun, driven by governments' desire to bolster their reserves amid economic instability.
Bitcoin Race Among Nations
Anthony Pompliano noted that countries around the world are actively growing their Bitcoin reserves. He pointed out that some nations see a strategic advantage in this, given Bitcoin's limited supply compared to traditional assets like gold.
Impact of Currency Devaluation
Pompliano emphasized that currency devaluation is a driving force behind this race. Over the past five years, US residents have lost approximately 25% of their purchasing power.
Domestic and International Participation
Pompliano noted that countries like Bhutan and El Salvador are already increasing their Bitcoin holdings, providing them with certain advantages. Meanwhile, attempts to integrate Bitcoin as a strategic asset are also visible in the US, with Jimmy Patronis advocating for the inclusion of Bitcoin in Florida's pension fund.
The financial expert believes that considering the decline in purchasing power and the rise in national debt, the decision to strategically buy Bitcoin may become a justified step for many countries.
