For the US dollar to stand as the global reserve currency linked to Bitcoin, the US government must amass substantial Bitcoin holdings, surpassing any competing entities. At present, the government struggles to outpace MicroStrategy in
The primary challengers to the US dollar could emerge from BRICS nations, which might gather Bitcoin and secure it in a multi-signature wallet managed collectively by the largest economies involved.
This strategy surpasses capabilities associated with gold. Backing a currency with gold necessitates a level of trust that isn't needed with Bitcoin, as cooperation occurs without the need for mutual faith.
Gold requires custodianship—someone to hold it, verify it, and validate its authenticity—whereas Bitcoin offers transparency. Ultimately, any government can publicly disclose its treasury wallet balances.
For the US dollar to stand as the global reserve currency linked to Bitcoin, the US government must amass substantial Bitcoin holdings, surpassing any competing entities. At present, the government struggles to outpace MicroStrategy in
Bitcoin ownership.
It's suggested that the US government require at least 2-3 million Bitcoin to maintain competitive stature globally.
The primary challengers to the US dollar could emerge from BRICS nations, which might gather Bitcoin and secure it in a multi-signature wallet managed collectively by the largest economies involved.
This strategy surpasses capabilities associated with gold. Backing a currency with gold necessitates a level of trust that isn't needed with Bitcoin, as cooperation occurs without the need for mutual faith.
Gold requires custodianship—someone to hold it, verify it, and validate its authenticity—whereas Bitcoin offers transparency. Ultimately, any government can publicly disclose its treasury wallet balances.
The question remains: will the US government succeed in acquiring the Bitcoin needed to rival BRICS? #Bitcoin #USDollar
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