There is a global race underway for Bitcoin
Anthony Pompliano recently highlighted a global competition among nations to acquire Bitcoin amid economic challenges. In his interview on Yahoo Finance, he emphasized that the election of a pro-crypto president in the U.S. will likely encourage further investments in Bitcoin. Pompliano expressed that the U.S. should focus on building a strategic Bitcoin reserve to avoid being outpaced by other countries. He indicated that the devaluation of the dollar, resulting in a 25% loss of purchasing power over the past five years, is a critical factor driving this race. He mentioned that the recent $850 billion rise in national debt could be considered a fraction of the cost to invest in Bitcoin. The movement towards Bitcoin as a strategic asset is also visible at the state level, with efforts in Florida and Pennsylvania advocating for state investments in Bitcoin. Pompliano believes that acquiring Bitcoin is a prudent risk-reward scenario for the U.S.
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