Asset manager and investor Anthony Pompliano recently said that a global Bitcoin “arms race” between sovereign nations and governments has begun.
Pompliano said on Yahoo Finance that market participants believe President-elect Trump will keep his campaign promise to build a strategic reserve of Bitcoin, and that doing so is in the best interest of the United States to prevent being "preempted by other countries."
“There’s a global race for Bitcoin right now,” Pompliano asserted. “Whether you’re a local, state, or federal government official, you should be looking for ways to get as much Bitcoin as possible onto your balance sheet. It’s not like gold, where we can just dig more out of the ground.”
He explained that the race to adopt Bitcoin is driven primarily by currency devaluation, noting that U.S. residents have lost about 25% of their purchasing power over the past five years. (Cointelegraph) #feedfeverchallenge
