The global interest in bitcoin continues to grow, and the cryptocurrency has now surpassed the historic milestone of $100,000. In this context, the US is considering establishing strategic bitcoin reserves, which may shift global financial trends.
US Investment Strategy
The US is considering the idea of creating strategic bitcoin reserves. Senator Cynthia Lummis proposed purchasing one million bitcoins through the sale of the country's gold reserves. Michael Saylor supports this strategy, seeing it as an opportunity for the US to strengthen its position on the international stage. However, this initiative will require the involvement of Congress or a presidential decree. Jack Maller has also shown support, hinting at the potential for a presidential order.
Bretton Woods 2.0
US plans may revive the concept of a new Bretton Woods system. BRICS are moving away from the dollar, and bitcoin could become a new tool against this trend. It's suggested that the US will boost domestic production and reduce its trade deficit against the backdrop of increasing influence from China and Russia, who are actively accumulating gold as a reserve asset but may be outpaced by bitcoin's growth.
Global FOMO on Bitcoin
The entire world watches this trend: large and small countries are entering the race for bitcoin. Russia, Brazil, Japan, and smaller countries like El Salvador and Bhutan are showing strong interest in cryptocurrency. Former German Finance Minister Christian Lindner expressed regret over Germany's prior bitcoin sale. Meanwhile, changes in US accounting rules make bitcoin ownership more attractive for companies, enhancing the US's stance in the cryptocurrency market.
The establishment of US strategic bitcoin reserves may set new financial game rules on the international stage, sparking global changes and competition for leadership in the digital economy.
