The U.S. should establish a Bitcoin strategic reserve to counter China's growing financial influence and its efforts to undermine the U.S. dollar as the global reserve currency. China is actively working to build alternative financial systems, which could disrupt economies and bolster authoritarian control.
To respond, the U.S. needs to embrace Bitcoin as a reserve asset, enhancing its financial technology exports and ensuring it retains economic power. The article highlights that Bitcoin, often termed "digital gold," offers a scarce and increasingly adopted asset that can serve as a hedge against inflation.
Despite concerns over Bitcoin's volatility, the author suggests that its value will stabilize with wider acceptance. There is the urgency for the U.S. to act boldly in the digital currency space to maintain global financial stability and innovation, asserting that failing to do so risks ceding economic ground to adversaries like China.
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