Gareth Jenkinson on Nostr: The US is on the verge of adopting a Bitcoin strategic reserve. The ‘WHY’ really ...
The US is on the verge of adopting a Bitcoin strategic reserve.
The ‘WHY’ really comes down to
Bitcoin’s duality as peer-to-peer electronic money and digital gold.
In my recent interview withadam3us (npub1qg8…24kw), he explains how Bitcoin allows people to save for the future while retaining its “ability to be a very low barrier to entry global electronic money.”
“The introduction of Bitcoin in some of those countries, like El Salvador as an example, actually allowed people to leapfrog from paper cash straight to peer-to-peer electronic money without going through the banking trusted intermediary phase,” Back explained in our interview at Bitcoin Amsterdam.
“I think one target for Bitcoin adoption is for it to compete with gold and get somewhere near gold parity as well as its growing usage as electronic money.”
My good friend @JoeNakamoto is probably the biggest proponent of this mentality. He advocates for people to spend sats - but he also understands the inherent value of BTC.
Definitely a topic that will become hotly debated as more people start acquiring Bitcoin as a long-term store of value.
The ‘WHY’ really comes down to
Bitcoin’s duality as peer-to-peer electronic money and digital gold.
In my recent interview withadam3us (npub1qg8…24kw), he explains how Bitcoin allows people to save for the future while retaining its “ability to be a very low barrier to entry global electronic money.”
“The introduction of Bitcoin in some of those countries, like El Salvador as an example, actually allowed people to leapfrog from paper cash straight to peer-to-peer electronic money without going through the banking trusted intermediary phase,” Back explained in our interview at Bitcoin Amsterdam.
“I think one target for Bitcoin adoption is for it to compete with gold and get somewhere near gold parity as well as its growing usage as electronic money.”
My good friend @JoeNakamoto is probably the biggest proponent of this mentality. He advocates for people to spend sats - but he also understands the inherent value of BTC.
Definitely a topic that will become hotly debated as more people start acquiring Bitcoin as a long-term store of value.