The morning of the 26th, Bitcoin Policy Institute (BPI) Released a 53 page report On the benefits of the United States creating a Strategic Bitcoin Reserve (SBR).
The month of July is a time for celebration. @CynthiaMLummis The BITCOIN act was announced, which is the first US bill to suggest a strategic cryptocurrency. #bitcoin reserve.
We endorse, in our most extensive report yet, the United States’ adoption of a Strategic Reserve. Click here to read the entire report. https://t.co/xQJG2Ebksi pic.twitter.com/gq3yI7oJUO
— Bitcoin Policy Institute (@btcpolicyorg) November 4, 2024
Four key advantages of bitcoin holdings as strategic reserves were discussed by the authors.
- Financial and economic stability — bitcoin is a hedge against currency debasement and debt instability
- Geopolitical contestation — 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
- Energie und Klima — Bitcoin mining can be leveraged to accelerate the movement toward renewable energy
- Inclusion of financial rights in human rights — the US can promote both the concepts of individual freedom and financial inclusion for both US citizens and those abroad
Although I do agree that creating an SBR in the US would be beneficial, it also sends a loud message: we embrace change here in the United States.
Bitcoin has many positive aspects. We want to take advantage of them.
By doing this, we are able to change the way people perceive Bitcoin. It is no longer something to be controlled and feared, but something that we should embrace. This tool can increase the financial strength of individuals as well as institutions all over the world.
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Source: bitcoinmagazine.com
