CandleFocus Nic Carter Is Wrong About the US Strategic Bitcoin Reserve
2024-12-18
Author: Content Editor
The author disagrees with Nic Carter's argument that the US should not buy Bitcoin for its strategic reserves because it would signal weakness in the dollar. Instead, the author believes that adding Bitcoin to the US reserves would be a show of strength and confidence. They argue that holding Bitcoin would integrate it into the US financial system and show the world that it is not a threat, but part of the dollar's ecosystem. The author also points out that if the US does not act, another major country like China or Russia might start accumulating Bitcoin and position it as an alternative to the dollar. They conclude by stating that holding Bitcoin in reserves would demonstrate forward-thinking leadership and potentially help pay down the US debt in the future.
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