When I saw Nic Carter's <a target="_blank" href="https://www.bloomberg.com/news/videos/2024-12-17/nic-carter-on-microstrategy-ethereum–bitcoin-reserve-video”>recent Bloomberg interviewI couldn't help but shake my head. Nic, who has been a long-time Bitcoiner and someone I respect, said that the United States should not (and will not) buy bitcoin for its strategic reserves because it would supposedly signal the weakness of the dollar on the global stage. I understand your argument, but I completely disagree. In fact, I think it's exactly the opposite.
In my opinion, adding bitcoin to US reserves would be a huge show of force. It would send a message to the world that the United States sees bitcoin for what it is: a financial safeguard, a form of “digital gold” and not a competitor to the dollar.
The United States already has tons of assets in its reserves: crude oil, diesel, uranium, foreign currencies and on 500 billion dollars in gold. None of those holdings make the dollar look weak. Rather, they reinforce confidence in the stability of the dollar. bitcoin would do the same.
Now let's talk about the risk of No buying bitcoins. If the United States refuses to include bitcoin in its reserves, it sends a dangerous message: that the United States is afraid of bitcoin and sees it as a threat rather than an ally. And here's the kicker: If the United States doesn't act, another major country will.
Imagine what would happen if China or Russia started hoarding bitcoin and positioned it as an alternative to the dollar. This is a terrifying idea for America. But if the United States buys bitcoin, the narrative changes completely. 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 having gold reserves does not undermine the dollar, having bitcoin would only increase confidence in the United States globally.
And let's not forget that bitcoin has been the best performing asset of the last decade. If you are an American, why wouldn't you want the United States to have the best asset in its reserves? It could even one day help pay off some of that $36 trillion debt.
So yes, I think Nic Carter is wrong on this one. Adding bitcoin to US reserves would not be a sign of weakness: it would scream confidence, strength, and forward-thinking leadership. If the United States wants to stay ahead, it must act before someone else does.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
