The world's largest asset management company, BlackRock, stated that Trump's victory in the 2024 US presidential election could bring "new optimism" for Bit Coin strategic reserves, or could usher in a new era of clear regulation of US asset classes.
Over the past two years, the US has not had clear regulation of the crypto industry. The US Securities and Exchange Commission (SEC)'s "enforcement alternative rule" approach has led to a large number of lawsuits. But BlackRock pointed out that this situation may change with Trump's return to the White House.
International Bit Coin Reserve Trend
Top VC Paradigm also recently posted on its blogstating:
Currently, multiple sovereign states have incorporated Bit Coin into their economic and financial strategies.
Among them, El Salvador is the most public, with its government directly holding Bit Coin;
The Abu Dhabi sovereign wealth fund is also actively involved in Bit Coin mining.
US Senator Cynthia Lummis has also introduced a legislative bill on a Bit Coin strategic reserve.
According to data from the prediction market platform Polymarket, the probability of the US establishing a Bit Coin strategic reserve is about 30%.
New Game Equilibrium Stage
So? As Tyler Cowen likes to say, solve the equilibrium.
The game theory equilibrium adopted by Bit Coin has changed.
Sovereign states can no longer ignore Bit Coin.
From the perspective of game theory, BTC is like gunpowder, not an iPhone.
Great director Christopher Nolan can afford not to use an iPhone; his deliberate Luddism may even lead to lower correlation and higher creativity. But once gunpowder is discovered, every sovereign state is forced to adopt it...
Today's artificial intelligence, drones and other critical technologies are the same way.
Now that the Overton window has opened for the US to adopt Bit Coin, other sovereign states will not wait.
Sovereign states that establish Bit Coin reserves early will benefit from a clearly better entry price.
The race to establish Bit Coin reserves has begun.
Bit Coin as Strategic Reserve
Satoshi Act Fund CEO Dennis Porter revealed this possibility, Porter told CryptoSlatestating:
"BlackRock's support for a Bit Coin strategic reserve is a natural progression. Bit Coin has adjusted the incentive mechanism of the global economy.
Now, BlackRock's support will drive related policies in a direction favorable to this technology."
"The states will take the lead," and sees this push as a decentralized initiative in line with the spirit of Bit Coin.
