Bitcoin: Why I am in?

The US dollar is the preferred currency in the US. This makes America the envy of all the world. Our dominance in recent years has waned. Other currencies are being used to attempt to replace dollar, whether it is due to neglect by previous administrations or aggressive economics from enemies. This has reduced our access to U.S.-backed financial institutions. The efforts to weaken our financial dominance have led to a fragmentation of world finance and an erosion of America’s global influence.

In addition, the national debt we have accumulated has now become an albatross of financial problems that is threatening our ability to be the only global superpower. Our national budget is now spent more on the interest on our debts than on essential services or social benefits. Stop this.

President Trump has a bold vision for our country – one which he has been implementing with skill and speed. His vision includes reinstating America’s financial dominance, re-establishing conditions for stability over the long term, and affirming our reliability in the international arena.

The Executive Order by the President to create a Strategic Bitcoin Reserve is a pragmatic and nonpartisan move in restoring America’s dominant position. The President knows Bitcoin Can be used in the same manner as gold was used by us to support the US dollar. Bitcoin has the capacity to significantly reduce or even eliminate our national debt within a short period of time. Its potential is recognized by the President, who wants to use it for our country’s benefit.

Along with the Executive Order of the President, I also co-sponsored a Wyoming Senator Cynthia Lummis’ bill to codify what the president has put in motion by his visionary executive order. Bitcoin and financial markets both thrive off of certainty and stability. In enacting President Trump’s executive order, we achieve just that. Stability for an initiative designed to aid us in building economic resilience.

It’s good to know that we own Bitcoin worth billions. Let it be a tool for us. Let it help us grow. And let it keep us safe while we are still in the early stages of this game. In the past, we have led the world with our innovations in space flight, the race for the moon and now, the development of AI. This mentality is no different when it comes to Bitcoin. It is important to demonstrate that America will be the center of financial innovation in the future.

I have explained before the need to articulate Bitcoin and other cryptocurrencies to folks back home – to those I call “Toby and Edith.” This isn’t just gambling with penny stocks. We must make them understand that embracing Bitcoin, like gold does for small businesses and families alike will allow them to flourish and grow.

This is a non-partisan issue at the moment, whether it be due to an indifference in understanding Bitcoin’s inner workings or because the concept itself is so new. We have the opportunity to show Washingtonians and Tobys/Ediths from all over the United States the value of having a Bitcoin Reserve.

In tandem with education, we must ensure that the regulatory environment encourages economic growth and innovation. This is something we want to do right from the start. My position as a member of the Senate agriculture panel will allow me to oversee digital asset regulation. I plan to have frank discussions, to work with CFTC in order to create a regulatory framework that is growth friendly, and to designate CFTC’s jurisdiction over digital assets.

The buy-in from Washington and the rest of the world is very important. Bitcoin It has the potential to make us a safe, prosperous country. All of us have work to be done. As for me, I’ll be working hard to help make President Trump’s Bitcoin vision a reality.

Jim Justice has written a guest article. The opinions expressed by Jim Justice are theirs alone and not those of BTC Inc. or Bitcoin Magazine.