• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Business

Nic Carter Is Wrong About the US Strategic Bitcoin Reserve

approx by approx
December 22, 2024
in Business
0
Fed Chair Jerome Powell Is Correct: Bitcoin Is In Competition With Gold, Not The Dollar
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


When I saw Nic Carter’s recent Bloomberg interview, I couldn’t help but shake my head. Nic, who’s been a long-time Bitcoiner and someone I respect, said that the US shouldn’t—and won’t—buy Bitcoin for its strategic reserves because it would supposedly signal weakness in the dollar on the global stage. I get his argument, but I completely disagree. In fact, I think it’s the exact opposite.

Related articles

Bitcoin Bull Market Engaged? 50-Week Moving Average Flips Bullish

Bitcoin Bull Market Engaged? 50-Week Moving Average Flips Bullish

September 21, 2026
Saudi Arabia Withdraws from mBridge CBDC Project

Saudi Arabia Withdraws from mBridge CBDC Project

September 21, 2026

In my view, adding Bitcoin to the US reserves would be a massive show of strength. It would send a message to the world that the US sees Bitcoin for what it is: a financial safeguard, a form of “digital gold,” and not some competitor to the dollar.

The US already holds tons of assets in its reserves—crude oil, diesel, uranium, foreign currencies, and over $500 billion in gold. None of those holdings makes the dollar look weak. Instead, they reinforce confidence in the dollar’s stability. Bitcoin would do the same.

Now, let’s talk about the risk of not buying Bitcoin. If the US refuses to include Bitcoin in its reserves, it sends a dangerous message: that the US is afraid of Bitcoin and views it as a threat rather than an ally. And here’s the kicker—if the US doesn’t act, another major country will.

Imagine what happens if China or Russia starts accumulating Bitcoin and positions it as an alternative to the dollar. That’s a terrifying thought for the US. But if the US buys Bitcoin, it changes the narrative entirely. It would integrate Bitcoin into the US financial system, showing the world that Bitcoin isn’t a threat—it’s part of the dollar’s ecosystem. Just like holding gold reserves doesn’t undermine the dollar, holding Bitcoin would only boost confidence in the US at the global level.

And let’s not forget Bitcoin has been the best-performing asset of the last decade. If you’re American, why wouldn’t you want the US to have the best asset in its reserves? It might even help pay down some of that $36 trillion debt someday.

So yeah, I think Nic Carter is wrong on this one. Adding Bitcoin to the US reserves wouldn’t signal weakness—it would scream confidence, strength, and forward-thinking leadership. If the US wants to stay ahead, it needs to act before someone else does.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.



Source link

Share76Tweet47

Related Posts

Bitcoin Bull Market Engaged? 50-Week Moving Average Flips Bullish

Bitcoin Bull Market Engaged? 50-Week Moving Average Flips Bullish

by approx
September 21, 2026
0

Bitcoin just closed a weekly candle above its 50-week simple moving average for the first time this cycle, and Sean...

Saudi Arabia Withdraws from mBridge CBDC Project

Saudi Arabia Withdraws from mBridge CBDC Project

by approx
September 21, 2026
0

Saudi Arabia has withdrawn from mBridge, a China-backed cross-border digital currency project designed to enable direct transactions between central banks,...

Crypto PAC to spend $30M opposing Sherrod Brown in Ohio, again

Crypto PAC to spend $30M opposing Sherrod Brown in Ohio, again

by approx
September 21, 2026
0

The digital asset-aligned PAC joined other groups to spend more than a combined $300 million in the 2024 Ohio Senate...

Ondo lets institutions convert stocks directly into tokenized shares

Ondo lets institutions convert stocks directly into tokenized shares

by approx
September 21, 2026
0

Ondo’s new in-kind conversion system allows approved institutions to mint and redeem tokenized stocks and ETFs using the underlying securities...

Bitcoin SOPR Metric’s Longest 2026 Winning Streak Enters Fourth Week

Circle Launches BTC-Backed USDC Borrowing

by approx
September 21, 2026
0

Stablecoin issuer Circle has launched a Bitcoin-backed borrowing service for institutional clients, allowing eligible Circle Mint customers to use BTC...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News