Official announcement from U.S. government agencies such as the Treasury Department or Federal Reserve, reported by major news outlets.

U.S., Largest Bitcoin Holder, Positioned to Accelerate Global Adoption as Strategic Reserve Asset

Jul 3, 2024, 11:36 PM

Forbes reports that the United States, as the largest nation-state holder of Bitcoin, is in a strong position to lead the global adoption of Bitcoin as a strategic reserve asset. The classification and treatment of Bitcoin as such would accelerate the nation-state race for digital gold. This move could fast-track global acceptance of Bitcoin as a long-term savings instrument and a form of digital currency. The concept, initially predicted in 2019 as the 'Global Hash War', suggests that nations will shift from banning Bitcoin to hoarding it. Financial experts argue that the next U.S. administration should consider accumulating Bitcoin to maintain its financial statecraft and reserve currency status. The U.S. could become the 'MicroStrategy of nations' by moving first, as noted by Sam Lyman in Forbes, featuring insights from Sen. Lummis, intangiblecoins, and matthew_pines.