Nic Carter Is Wrong About The US Strategic Bitcoin Reserve

Nic Carter Is Wrong About the US Strategic Bitcoin Reserve

When It was a sight. Nic Carter's recent Bloomberg interview, I couldn't help but shake my head. Nic, who's been a long-time Bitcoiner and someone I respect, said that the US shouldn't—and won't—buy Bitcoin It would signal a weakening of the dollar globally, if it were to withdraw its strategic reserves. He has a valid argument but I disagree. In fact, I think it's the exact opposite.

In My view is adding Bitcoin To the US Reserves would be an impressive show of force. It It would be a way to send a signal that America is serious about its foreign policy. Bitcoin For what it truly is, financial security and a means of protection. "digital gold," Not some other competitor of the dollar.

The US already holds tons of assets in its reserves—crude oil, diesel, uranium, foreign currencies, and over $500 billion in gold. None These holdings make the dollar appear weak. Instead, they reinforce confidence in the dollar's stability. Bitcoin Would you do the same?

Now, let's talk about the risk of not buying Bitcoin. If US refusing to Include Bitcoin In its reserves it sends the dangerous message that America is scared of Bitcoin And views it more as a danger than as an ally. And here's the kicker—if the US doesn't act, another major country will.

Imagine What will happen if China The following are some examples of how to use Russia starts accumulating Bitcoin It is positioned as an alternative currency to the US dollar. That's a terrifying thought for the US. But If the US purchases BitcoinThe narrative is completely changed. It Would you integrate? Bitcoin The US Financial System: A Global Perspective Bitcoin isn't a threat—it's part of the dollar's ecosystem. Just like holding gold reserves doesn't undermine the dollar, holding Bitcoin It would boost the confidence of Americans around the world.

And let's not forget Bitcoin It has performed best in the last decade. If you're American, why wouldn't you want the US to have the best asset in its reserves? It Someday, you might be able to pay off some of the $36 trillion in debt.

Read the article:  Galoy Launches Bitcoin-Backed Loan Software, Sets Groundwork For Open-Source Banking

So Yes, I do think Nic Carter This is not right. Adding Bitcoin to the US reserves wouldn't signal weakness—it would scream confidence, strength, and forward-thinking leadership. If The US needs to take action before anyone else if it wants to be ahead.

This The article is also known as Take. Opinions expressed are entirely the authThe following are some examples of how to use's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 14 years of experience with a wide range of markets and assets - currencies, indices and commodities. John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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