Odaily Planet Daily News VanEck Digital Asset Research Director Matthew Sigel commented on the establishment of a strategic Bitcoin reserve in the United States on X: "Why is this a good idea? Bitcoin reserves can convey symbolic messages of leadership and innovation while providing financial hedges for a future that we cannot control 100%.
Thinking that it shows fear of a weaker dollar is a loser's idea, which means that we should not do anything to hedge the risk that foreigners continue to be dissatisfied with US debt due to soaring interest rates and deficits, lest the market interprets urgency as fear.
Want proof that this hedge may be useful? Look at the central bank's gold purchases in the three years since the Russia-Ukraine conflict: only up and no down.
Bitcoin is digital gold - a global bearer asset that no issuer can seize or dilute its value. Therefore, the redefined SDR Bitcoin in the basket or held by the Treasury could indirectly strengthen the dollar by providing a neutral alternative to politically influenced currencies. The most likely way to achieve this goal is for the U.S. government to promote this initiative.
Finally, Bitcoin mining incentivizes the development of domestic energy infrastructure, including renewable energy, nuclear energy, and grid resilience projects. This is in line with the strategic goals of energy independence and sustainable development in the United States.
With a strategic Bitcoin reserve, the United States will simultaneously ensure its dominance in energy infrastructure, artificial intelligence, and Bitcoin. ”