Lu Qiyuan mentioned that if the U.S. Treasury really starts buying Bitcoin, it is likely to want to get rid of the burden of the dollar. Faced with high debt, it is no secret that the U.S. is short on money. Even if the government tries to cut expenditures, it cannot solve the growing debt problem. So what should be done? If they really want to get rid of the dollar, it would be a nightmare for countries and individuals holding a large amount of U.S. debt.
Analysts have pointed out that the U.S. might consider replacing the dollar with Bitcoin to alleviate fiscal pressure. However, this path is not easy. Although Bitcoin is currently viewed as a new type of asset, whether it can truly take on the role of the "dollar" remains to be seen in the market. Federal Reserve Chairman Powell has mentioned that Bitcoin and gold are rivals, which is thought-provoking. Does this mean that Bitcoin could become a new "hard currency"?
Imagine if the U.S. really took such measures; it would not only impact the global financial situation but could also trigger panic and unrest in other economies. Instead of heading down an irreversible path, it would be better to seek deeper cooperation with neighboring countries to face the world's challenges together. Every country has its own solutions; why doesn't the U.S. focus on pooling its strengths?
In summary, regardless of how it ultimately plays out, if the U.S. really begins to try such measures, then its prospects will be a hot topic.