国产av日韩一区二区三区精品,成人性爱视频在线观看,国产,欧美,日韩,一区,www.成色av久久成人,2222eeee成人天堂

Home web3.0 Bitcoin (BTC) – America's Key To Economic Supremacy?

Bitcoin (BTC) – America's Key To Economic Supremacy?

Jul 26, 2024 pm 09:15 PM
bitcoin US China Economic Power

In the ongoing global economic and geopolitical rivalry, the United States may have a powerful new weapon – Bitcoin (BTC). That is the argument made by Sam Lyman

Bitcoin (BTC) – America's Key To Economic Supremacy?

Bitcoin (BTC) price action has seen a downturn over the past few days, with the asset dropping below the key level of $60,000. However, according to one analysis, the leading cryptocurrency could still be used by the United States as a “Trump card” in its economic rivalry with China.

The argument was made by Sam Lyman, the director of public policy at Riot Platforms, in an opinion piece for Forbes. In the article, Lyman drew parallels between today’s competition in the digital asset economy and the historic “space race” between the US and the Soviet Union during the Cold War.

Just as the US prevailed in the space race by landing the first man on the moon, Lyman believes Bitcoin could become America’s “Trump card” in its economic rivalry with China.

The key, Lyman says, is for the US to classify Bitcoin as a strategic reserve asset – a resource that a nation accumulates to bolster its defenses, stabilize its economy, or gain a competitive edge over rivals.

Historically, commodities like gold, oil, and critical minerals have served this purpose for countries around the world.

However, Lyman argues that with its scarcity, portability, and emerging status as a store of value, Bitcoin could be an ideal digital complement to physical gold reserves.

Bitcoin vs Gold

As China and Russia “aggressively” accumulate gold to reduce their dependence on the US dollar, another administration in the US could counter by making Bitcoin a key part of its financial arsenal.

Lyman added:

Classifying Bitcoin as a strategic reserve asset would be the starting pistol in the Bitcoin Space Race. If the United States – the wealthiest country in the world and the home of global capital – begins accumulating Bitcoin on its balance sheet, then other countries would have powerful incentives to do the same.

According to Lyman, this could slow or even reverse the recent flight from the US dollar into physical gold by major US adversaries. Instead, Lyman argues, it would spark a “digital gold rush” as nations scramble to stockpile the world’s most scarce digital asset.

The idea has already gained traction among some US politicians. Riot’s executive revealed in the article that House Majority Leader Tom Emmer told Lyman that “diversifying our investments is a common-sense next step” as the US continues to embrace the “ownership economy.”

Emmer reportedly expressed to Lyman an eagerness to discuss the matter further with former President Donald Trump, who has publicly supported Bitcoin and warned of the dangers of ceding ground to China and Russia in the digital asset space.

As Bitcoinist reported on Wednesday, Senator Cynthia Lummis is reportedly preparing to announce a bill requiring the Federal Reserve to purchase and hold BTC as a strategic reserve asset. Ultimately, the goal is to get Trump’s support for the supposed bill.

Whether the US will ultimately wield Bitcoin as a “Trump card” against its rivals remains to be seen. However, with growing interest from political leaders and the crypto industry, it’s possible that it could have significant geopolitical implications in the years ahead.

At the time of writing, the largest cryptocurrency on the market is trading just above $65,000 after failing to consolidate above its 1-month high of $68,000 earlier this week.

Bitcoin price chart for the past 30 days, courtesy of TradingView.com

Bitcoin price action has seen a downturn over the past few days, with the asset dropping below the key level of $60,000. However, according to one analysis, the leading cryptocurrency could still be used by the United States as a “Trump card” in its economic rivalry with China.

The argument was made by Sam Lyman, the director of public policy at Riot Platforms, in an opinion piece for Forbes. In the article, Lyman drew parallels between today’s competition in the digital asset economy and the historic “space race” between the US and the Soviet Union during the Cold War.

Just as the US prevailed in the space race by landing the first man on the moon, Lyman believes Bitcoin could become America’s “Trump card” in its economic rivalry with China.

The key, Lyman says, is for the US to classify Bitcoin as a strategic reserve asset – a resource that a nation accumulates to bolster its defenses, stabilize its economy, or gain a competitive edge over rivals.

Historically, commodities like gold, oil, and critical minerals have served this purpose for countries around the world.

However, Lyman argues that with its scarcity, portability, and emerging status as a store of value, Bitcoin could be an ideal digital complement to physical gold reserves.

Bitcoin vs Gold

As China and Russia “aggressively” accumulate gold to reduce their dependence on the US dollar, another administration in the US could counter by making Bitcoin a key part of its financial arsenal.

Lyman added:

Classifying Bitcoin as a strategic reserve asset would be the starting pistol in the Bitcoin Space Race. If the United States – the wealthiest country

The above is the detailed content of Bitcoin (BTC) – America's Key To Economic Supremacy?. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undress AI Tool

Undress AI Tool

Undress images for free

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Hot Topics

PHP Tutorial
1502
276
Bitcoin (BTC) Poised for a 90% Rally as Puell Multiple Flashes Golden Cross Bitcoin (BTC) Poised for a 90% Rally as Puell Multiple Flashes Golden Cross Nov 20, 2024 am 10:28 AM

Onchain data analytical platform CryptoQuant has flagged a key Bitcoin (BTC) metric that suggests a potential 90% rally for the leading cryptocurrency.

Bitcoin Surpasses $90,000, Shiba Inu Momentum Stalls, Solana Surges Bitcoin Surpasses $90,000, Shiba Inu Momentum Stalls, Solana Surges Nov 20, 2024 am 11:21 AM

In addition to surpassing earlier highs, Bitcoin has reached a critical price level of $92,000, which has strengthened its position in the current bullish cycle.

Bitcoin (BTC) Set to Outperform Gold (XAU) Even Without US Government Backing, Says Luke Gromen Bitcoin (BTC) Set to Outperform Gold (XAU) Even Without US Government Backing, Says Luke Gromen Nov 20, 2024 am 03:20 AM

Veteran macro investor Luke Gromen believes Bitcoin (BTC) is set to outperform gold even without the backing of the US government.

Bitcoin's Journey to $1M Relies on Scarcity, Adoption, and Market Dynamics, Not Magic Bitcoin's Journey to $1M Relies on Scarcity, Adoption, and Market Dynamics, Not Magic Nov 19, 2024 pm 09:36 PM

Bitcoin ETF inflows and treasury adoption push institutional confidence and price growth. Reaching 3% of global wealth could propel Bitcoin's market cap to $20 trillion.

Could Bitcoin (BTC) Price Hit $100k This Month? Here's What the Charts Say Could Bitcoin (BTC) Price Hit $100k This Month? Here's What the Charts Say Nov 19, 2024 am 09:34 AM

As Bitcoin continues its upward trajectory, analysts are increasingly discussing the possibility of it reaching $100k in November.

Bitcoin Price Prediction: ARK Invest Suggests a 36% Increase to $124,000 by November 2024 Bitcoin Price Prediction: ARK Invest Suggests a 36% Increase to $124,000 by November 2024 Nov 17, 2024 pm 10:04 PM

Bitcoin enthusiasts might have reasons to celebrate soon, as recent analysis suggests a remarkable price climb could be on the horizon.

Bitcoin Price Prediction: BTC Projected to Hit $200,000 by 2025, $1 Million by 2033 Bitcoin Price Prediction: BTC Projected to Hit $200,000 by 2025, $1 Million by 2033 Nov 19, 2024 pm 03:26 PM

Bitcoin (BTC) is projected to achieve $200.000 by the end of next year, increasing from the $150.000 price target last year.

Bitcoin, Ethereum and Dogecoin: Browse the Ocean of Crypto Bitcoin, Ethereum and Dogecoin: Browse the Ocean of Crypto Jul 02, 2025 pm 10:39 PM

A potential breakthrough for Bitcoin eyes, Ethereum expands its ecosystem, and Dogecoin…well, it’s still Dogecoin. Let's dive into the latest cryptocurrency updates! The crypto world never stops! Bitcoin is testing new highs, Ethereum continues to build, and Dogecoin is still... Dogecoin. Let’s take a look at the latest progress in Bitcoin, Ethereum and Dogecoin to see what is changing in the digital currency field. Bitcoin: Horizontal fluctuations and high forecasts Bitcoin has performed relatively smoothly recently. Although it is in a bull cycle, the price is still consolidating sideways. Cryptocon pointed out that the market is currently in a slow rising stage and the rebound time is still short. But don't be discouraged! TedPillow believes Bitcoin will follow the S&P 500 index