jakiro
Author: Sam Lyman, Forbes; compiled by: Deng Tong, Bitchain Vision
“We want all the remaining bitcoins to be made in the United States!”
Republican presidential candidate Donald Trump expressed strong support for Bitcoin in a Truth Social post last month.In the same article,He realized the geopolitical significance of the world’s largest cryptocurrency.And warned that any policy that attempts to hinder Bitcoin “will only help Russia.”Trump’s statement not only made him the first nominee in the major political parties to support Bitcoin, but also brought discussions about classifying Bitcoin as a strategic reserve asset into the spotlight.
These discussions have gained increasing attention in the policy circle due to Bitcoin-friendly political leaders.For example, former presidential candidate Vivek Ramaswamy has been giving President Trump advice on bitcoin and digital assets since January.Ramaswamy, who made a unique position in the final weeks of the campaign, suggested that the dollar be backed by a basket of commodities, which could include Bitcoin.
Ramaswamy’s plan echoes a similar proposal from independent presidential candidate Robert F. Kennedy Jr., where a small portion of Treasury bonds “will be backed by hard currency, gold, silver, platinum or bitcoin.”The goal proposed by Ramaswamy and Kennedy is to curb inflation by pegging the dollar to deflationary assets, thus maintaining its value over time.
Congressional “Crypto Queen” Senator Cynthia Lummis is another supporter of using Bitcoin to improve the country’s finances.In February 2022, sheIt is recommended that the Fed diversify $40 billion in foreign currencies on its balance sheet by adding Bitcoin.She still believes that holding digital currencies is beneficial as part of the country’s financial portfolio.
After Trump’s post hinted at the growing political importance of Bitcoin, I asked Senator Lummis about her views on the discussion surrounding Bitcoin as a strategic reserve asset.Senator Loomis seems interested in the idea.In her own words: “Bitcoin is an incredible store of value and I certainly see the benefits of diversifying investments in our country.”
