United

Bitcoin

Revolution

Reserve

Anthony Pompliano, a popular asset manager and investor, believes the race to secure Bitcoin among sovereign nations has already begun. Speaking on Yahoo Finance, he noted the urgency for governments, particularly the United States, to adopt Bitcoin as a strategic reserve. According to Pompliano, delaying action could leave the U.S. at a disadvantage as other nations aggressively accumulate the digital asset.
“There is a global race for Bitcoin right now,” Pompliano <a href="https://x.com/APompliano/status/1857786689105666519" rel="noopener noreferrer nofollow">remarked</a>. “Governments need to focus on how much BTC they can secure. Unlike gold, you can’t mine more Bitcoin—it’s a finite resource.”
<a href="https://thecoinrise.com/bhutan-deposits-929-bitcoin-to-binance-to-spark-selloff-scare/" rel="noopener noreferrer nofollow">Citing countries like Bhutan</a> and El Salvador, he noted that smaller nations are leading the charge. Their smaller economic footprint allows for less downside risk compared to global superpowers like the U.S. However, Pompliano argues that the financial risk for the United States remains negligible in the context of its massive spending.
“The national debt rose by $850 billion in just 90 days. Investing a fraction of that in Bitcoin, perhaps $50-100 billion, would be a rounding error for government expenditures, with a significant upside,” he added.
<h2 id="span-style-font-weight-400-states-join-the-bitcoin-revolution-span">States Join the Bitcoin Revolution</h2>
Bitcoin adoption isn’t limited to national strategies—it’s making waves at the state level as well. Florida’s Chief Financial Officer, Jimmy Patronis, has proposed allocating a portion of the state’s pension fund to Bitcoin. This move underscores the growing recognition of BTC as a hedge against inflation and currency devaluation.
Meanwhile, Pennsylvania lawmakers have introduced a groundbreaking BTC strategic reserve bill. If enacted, the legislation would permit the Pennsylvania State Treasury to allocate 10% of its assets to BTC. Advocates argue that such measures ensure financial resilience and capitalize on BTC capped supply, which protects against devaluation.
<h2 id="span-style-font-weight-400-currency-devaluation-sparks-urgency-span">Currency Devaluation Sparks Urgency</h2>
Pompliano’s call to action stems from alarming financial trends. U.S. residents have seen a 25% loss in purchasing power over the past five years due to currency devaluation. With the national debt ballooning, <a href="https://thecoinrise.com/how-to-get-rich-off-crypto-unlock-wealth-with-these-top-coins-in-2024/" rel="noopener noreferrer nofollow">Bitcoin offers a potential safeguard against further erosion of wealth</a>.
As the global Bitcoin arms race intensifies, governments and institutions face a critical decision: secure their share of the digital asset or risk being left behind in the evolving financial landscape.
The post <a href="https://thecoinrise.com/global-bitcoin-arms-race-accelerates-amid-strategic-reserve-proposals/" rel="noopener noreferrer nofollow">Global Bitcoin Arms Race Accelerates Amid Strategic Reserve Proposals</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Global Bitcoin Arms Race Accelerates Amid Strategic Reserve Proposals

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