The Bitcoin Policy Institute (BPI), an influential nonprofit organization in the crypto policy field, has just released an in-depth report titled "Digital Gold: Assessing a Strategic Bitcoin Reserve for the United States." In 53 pages, BPI presents strong arguments for the benefits of the United States establishing a Strategic Bitcoin Reserve (SBR). Here are the highlights.
Strategic Benefits of Bitcoin Reserves for the United States 🇺🇸
BPI argues that a Bitcoin reserve fund could serve as a strategic tool similar to the Strategic Petroleum Reserve, helping the U.S. enhance its economic and political power. Bitcoin could become a soft power tool, helping America protect national assets from global financial volatility and cope with unexpected geopolitical situations.
Excerpt from the report: "The national reserve serves both as an economic safeguard and a tool of soft power, ensuring that the United States can maintain influence even during challenging geopolitical times."
Proposed Methods for Accumulating Bitcoin 💰
BPI proposes three ways for the U.S. to accumulate Bitcoin:
Open market purchases: The United States could buy directly on the market, but this could push Bitcoin prices higher.
Direct Mining: The United States could directly mine Bitcoin, increasing reserves while promoting renewable energy infrastructure.
Using seized assets: Using Bitcoin from legal cases, however, this method may be controversial.
BPI assesses direct Bitcoin mining as the ideal option because it does not cause price volatility and can support the development of renewable energy.
Scale of the Strategic Bitcoin Reserve 📊
BPI proposes that the United States should accumulate an amount of Bitcoin equivalent to the current value of gold reserves, approximately $714 billion (equivalent to about 10.58 million BTC). This goal reflects BPI's great ambition for Bitcoin to become a strategic reserve asset of the nation.
Additionally, Senator Cynthia Lummis proposed a more practical accumulation program: buying 200,000 BTC each year for 5 years, bringing total reserves to about 1 million BTC. Although lower than BPI's proposal, this plan still demonstrates the seriousness of the United States towards Bitcoin.
Long-Term Economic Benefits of Bitcoin Reserves 📈
According to BPI, the Strategic Bitcoin Reserve (SBR) is not a speculative tool, but a long-term investment to protect national assets. Bitcoin, with a fixed supply, could become a safe "store of value," helping the United States mitigate risks from inflation and public debt.
BPI argues: "SBR is not a tool for speculative trading or short-term profit. Instead, it is designed to create long-term financial resilience and diversify reserves."
Clarifying Misunderstandings about Bitcoin Reserves 🚫
BPI also clarifies some common misunderstandings:
Bitcoin is not a speculative tool: SBR is not intended for quick profit but as a stable financial instrument.
Not 'picking winners': BPI argues that Bitcoin has superior qualities to become a national reserve asset, while other cryptocurrencies can continue to develop.
Conclusion: A Major Turning Point for the United States and Bitcoin 🌐
BPI's report asserts that Bitcoin has the potential to become a strategic reserve asset for the United States, providing long-term financial benefits and helping America maintain economic strength in a global context. If the U.S. truly integrates Bitcoin into its financial strategy, this could be a historic turning point, affirming Bitcoin's position not just as a speculative asset but as an indispensable part of the national financial system.
Conclusion: If the U.S. government views Bitcoin as a strategic asset, this could change the global financial landscape, ushering in a new era for cryptocurrency and financial independence.
BPI's report presents a clear perspective on the potential importance of Bitcoin in the context of modern geopolitical and economic situations. If these arguments are applied, Bitcoin could not only become a reserve asset but also a symbol of financial strength in the 21st century.
