Yesterday, the Bitcoin Policy Institute (BPI) released a 53-page report on the pros of the United States establishing a strategic bitcoin reserve (SBR).
As Bitcoin Magazine’s Frank Corva details below, the authors of the report touched on four key benefits of holding bitcoin as a strategic reserve asset:
- Economic and monetary stability – bitcoin is a hedge against currency debasement and debt instability
- Geopolitical competition – the US could gain a strategic advantage over other countries that are contemplating starting a bitcoin reserve and can reinforce the US’ influence over global financial standards
- Energy and climate – Bitcoin mining can be leveraged to accelerate the movement toward renewable energy
- Financial inclusion and human rights – the US can promote both the concepts of individual freedom and financial inclusion for both US citizens and those abroad
While I agree that the US’ establishing an SBR would have these benefits, I also think it would send a certain message loud and clear: We embrace change in the United States. […]
— Read More: www.zerohedge.com
