The question is not if this will happen, but when. Whether it happens within 12 months, two years, five or 10 years, it will have major repercussions in terms of US positioning for decades.
The inability to embrace bitcoin (quotation BTC in real time) will sooner or later damage the strategic interests of the United States and benefit the rivals who adopt it first. By examining how the United States and other countries manage their reserve assets today, we can already see the logic of this transition.
Today the United States holds 261 million ounces of gold, or approximately $ 475 billion. This makes the United States the largest gold holder in the world - by a wide margin - over Germany, second in the world by half.
Historically, there was a good reason the US owned gold: the US dollar was pegged to its value. However, the United States broke with the gold standard in 1971, ushering in the era of fiat currency. So why do the US and other countries continue to own all this gold?
Here are some of the reasons given directly by the central bankers themselves:
Combining these reasons with the cultural importance of gold, it is indisputable to say that having more gold than everyone else is a very good thing.
Bitcoin's similarities to gold are well documented, earning it the nickname "digital gold". However, while bitcoin shares many similarities with gold, including scarcity, stable supply inflation, fungibility, and durability, it also brings major improvements over gold in a few key areas:
For these reasons, more and more people, companies and institutional investors agree that having more bitcoins than everyone else is a great thing.
Today, these include the richest man in the world, wealth managers, industry leaders and the world's leading macro-investors. Tomorrow it will also include countries.
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