When I saw Nick Carter Recent Bloomberg interviewI couldn’t help but shake my head. Nick, who has been a long-time Bitcoin supporter and someone I respect, said the US should not and will not buy Bitcoin for its strategic reserves because it would supposedly signal a weaker dollar on the global stage. I understand his argument, but I completely disagree with him. In fact, I think it’s quite the opposite.
In my view, adding Bitcoin to US reserves would be a massive show of force. This would send a message to the world that the United States views Bitcoin for what it is: a financial security, a form of “digital gold,” not a competitor to the dollar.
The United States already holds tons of assets in its reserves – crude oil, diesel, uranium, foreign currencies, etc. more $500 billion in gold. None of these properties make the dollar look weak. Instead, it serves to strengthen confidence in the stability of the dollar. Bitcoin will do the same.
Now let’s talk about risk no Buy Bitcoin. If the United States refuses to include Bitcoin in its reserves, it is sending a dangerous message: that the United States fears Bitcoin and sees it as a threat, not an ally. And here is the important point: If the United States does not act, another major country will.
Imagine what would happen if China or Russia started accumulating Bitcoin and positioning it as an alternative to the dollar. This is a terrifying idea for the United States. But if the US buys Bitcoin, that changes the entire narrative. It would integrate Bitcoin into the US financial system, showing the world that Bitcoin is not a threat – but rather part of the dollar ecosystem. Just as holding gold reserves does not undermine the dollar, holding Bitcoin will only strengthen confidence in the United States on a global level.
And let’s not forget that Bitcoin has been the best-performing asset of the past decade. If you are an American, why wouldn’t you want the United States to have the best assets in its reserves? This may help pay off some of this $36 trillion debt one day.
So, yeah, I think Nick Carter is wrong on this one. Adding Bitcoin to US reserves will not signal weakness, but rather inspire confidence, strength and future leadership. If the United States wants to stay ahead, it must act before anyone else does.
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
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