The United States has seized 210,000 bitcoins from illegal actors, positioning it as the largest nation-state holder of this cryptocurrency. This gives the U.S. a first-mover advantage in the global financial landscape. As of 2024, the Federal Reserve’s reserve assets include $35 billion in foreign currencies and $11 billion in gold stock. However, the absence of a native digital asset in this portfolio is becoming increasingly conspicuous. Bitcoin, often called digital gold, is a scarce commodity with growing adoption worldwide. Critics argue about its volatility, but this is expected to decrease as the market matures. In 2021, El Salvador recognized bitcoin as legal tender and has seen a 100% increase in value. The U.S. must recognize the financial war with China, where financial services and crypto are key battlegrounds. Embracing bitcoin as a strategic reserve asset could secure America’s economic future and counter China’s financial strategies.
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