What are the potential impacts if the United States establishes a Bitcoin reserve?
1. If Bitcoin's long-term price increases, the U.S. could use its high growth rate to partially offset national debt pressure.
2. By holding Bitcoin reserves, the U.S. could quickly liquidate or hedge this asset during an economic crisis.
3. The U.S. could further consolidate its dominant position in the global financial system through Bitcoin reserves while reducing reliance on the dollar sanction system.
4. Decrease dependence on traditional reserve assets, reducing reserve risk caused by price fluctuations of a single asset.
If the U.S. reserve behavior significantly enhances Bitcoin's legitimacy and appeal as a reserve asset, more countries or institutions may follow suit, thereby promoting strong development of blockchain.