When I saw Nic Carter a recent Bloomberg interviewI couldn't help but shake my head. Nic, a long-time Bitcoiner and someone I admire, said that the US should not – and will not – buy Bitcoin for its strategic resources because it would seem to indicate weakness in the dollar on the world stage. I get his argument, but I completely agree. In fact, I think it's the exact opposite.
In my opinion, adding Bitcoin to US reserves would be a great show of strength. It would send a message to the world that the US sees Bitcoin for what it is: financial protection, a kind of “digital gold,” and not some competitor to the dollar.
The US already has tons of assets in its reserves – crude oil, diesel, uranium, foreign currencies, and over $500 billion in gold. None of these holdings make the dollar look weak. Instead, they reinforce confidence in the stability of the dollar. Bitcoin would do the same.
Now, let's talk about the risk No buy Bitcoin. If the US refuses to include Bitcoin in its reserves, it will send a dangerous message: that the US is afraid of Bitcoin and sees 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 so China or Russia begins to collect Bitcoin and position it as an alternative to the dollar. That's a scary thought for the US. But if the US buys Bitcoin, it changes the narrative completely. It would integrate Bitcoin into the US financial system, showing the world that Bitcoin is not a threat – it is part of the dollar ecosystem. Just as holding gold reserves does not weaken the dollar, holding Bitcoin would only boost confidence in the US on a global scale.
And don't forget that Bitcoin has been the best performing asset of the last decade. If you are an American, why wouldn't you want the USA to have the best assets in its reserves? Maybe it will help pay down some of that $36 trillion debt someday.
So yes, I think Nic Carter is wrong on this one. Adding Bitcoin to US reserves would not signal weakness – it would scream courage, strength, and positive leadership. If the US wants to stay ahead, it needs to act before someone else does.
This article is a Take. The views expressed are entirely those of the author and do not necessarily reflect the views of BTC Inc or Bitcoin Magazine.
