Deutsche Bank highlighted the significance of Bitcoin as a strategic reserve asset for the US, equating it to gold.
Bitcoin's Significance for US Strategy
According to Deutsche Bank, the Trump administration views Bitcoin as a strategic reserve asset aimed at fostering economic growth and technological leadership in the US.
Bitcoin's Reliability as a Reserve Asset
With a fixed supply of 21 million, decentralized structure, and resistance to cyber threats, Bitcoin is perceived as a solid reserve asset. Deutsche Bank stated that, unlike many altcoins, Bitcoin has never been hacked.
Diversification and Economic Protection
From a diversification standpoint, owning Bitcoin offers an attractive option for portfolio diversification due to its low correlation with traditional assets. Holding a long-term Bitcoin reserve could help the US strengthen its position in the global digital economy and protect against inflation and potential dollar depreciation.
The move to create a national Bitcoin reserve signals confidence in the future of this cryptocurrency, similar to the role US gold reserves played in the 20th century.
