Matthew Sigel, President of Vaneck Digital Asset Research, thinks that the US adopting the US reserves will be a critical step to maintain the economic superiority of the country. Sigel says that this strategy will strengthen the US financial leadership and technological innovations.
How does Bitcoin reserve contribute to the US economy?
Matthew Sigel drew attention to the importance of the US Bitcoin reserve strategy in an recent sharing of X. Sigel said that Bitcoin reserve can reinforce the US leadership in the global financial arena and provide protection against growing inflation.
Sigel argues that Bitcoin reserve will increase the US domination in strategic fields such as energy infrastructure, artificial intelligence and blockchain technologies.
Bitcoin reserves can provide financial security when giving a message of leadership and innovation.
Sigel said that this move will help the United States to take a stronger stance against future economic risks.
The Power of the Dollar and Bitcoin Strategy
Bitcoin reserves will weaken the power of the US dollar also discussed concerns Sigel, these fears are irrelevant, he said. Sigel said that it can be seen as “digital gold ve and used as a safe value storage tool in the global financial system.
He argued that Bitcoin’s addition to the International Monetary Fund (IMF) to the Special withdrawal Rights (SDR) basket, or that the US treasury reserve would offer a more neutral and reliable alternative to currencies such as Chinese Yuan or Russian Ruble. This strategy can contribute to the indirect strengthening of the US dollar.
The political dimension of the discussions
However, not everyone is looking at this idea. Famous entrepreneur Arthur Hayes argues that the BTC reserve strategy may pose an unnecessary risk in the crypto market. Hayes claims that such moves can be used for political purposes and that BTC can become a political tool, not financially.
Despite all these discussions, different US states continue to show interest in crypto reserve projects. In particular, the state of Maryland has recently prepared a crypto reserve law. These steps reveal the increasing interest in the US Bitcoin reserve strategy and the potential effects of this strategy.
