The economic competition between the US and China has brought Bitcoin into focus as a critical strategic asset. In recent years, China and Russia have divested billions of dollars from US Treasury bonds while increasing their gold reserves, a strategy aimed at mitigating the impact of economic sanctions. China has also leveraged financial technology and digital payment systems to expand its global influence. The widespread adoption of Chinese digital platforms in countries like Japan underscores its growing economic clout, which could translate into broader control during potential crises.
In response to these developments, it is suggested that the US adopt Bitcoin as a strategic reserve asset. Often referred to as "digital gold," Bitcoin offers the US a significant advantage, especially with its current holdings of 210,000 seized Bitcoin. Experts argue that embracing Bitcoin as a reserve asset could be a crucial step for the US to maintain its economic dominance. Failure to do so may allow China to strengthen its control over Bitcoin, potentially undermining the US's global economic leadership.
