Bitcoin: From speculative bubble to global financial cornerstone

This article is machine translated
Show original
Here is the English translation of the text, with the specified terms preserved:

Author: Joshua Moroles

Compiled by: Bai Hua Blockchain

For years, critics of BTC have viewed it as a speculative bubble, an asset with no intrinsic value, or something that governments will ultimately crush. However, reality is proving otherwise. The world no longer asks whether BTC will become a strategic reserve asset - the question now is when full adoption will occur.


01
The US Has Joined the Game

The most significant development occurred on March 6, 2025, when President Donald Trump signed an executive order establishing the US Strategic BTC Reserve (SBR) and a broader digital asset reserve. This is not a symbolic gesture, but a direct policy shift at the federal level to accumulate and hold BTC. The order also suspends the auction of confiscated BTC, indicating that the US government now views BTC as a long-term strategic asset, rather than a short-term liquidation target.

Why is this important?

1. National Security and Financial Sovereignty

In an era of geopolitical uncertainty and global de-dollarization, BTC as an independent, uncensorable reserve asset is not controlled by any single nation.

2. Inflation Hedge

With mounting debt and concerns over the long-term stability of the US dollar, BTC, like gold, provides an alternative store of value.

3. Economic Dominance

Trump has repeatedly stated that he wants the US to become the "world's BTC superpower." This marks a new era where BTC is no longer seen as a threat, but as an opportunity.

Key Figures Driving the BTC Agenda

1. Treasury Secretary Scott Bessent

He has hinted at acquiring BTC in creative ways that do not impact taxpayers, such as re-evaluating gold reserves or even issuing BTC-denominated debt.

2. Commerce Secretary Howard Lutnik

He has publicly supported BTC, predicting that its scarcity and global demand will lead to a significant price increase.

3. Senator Cynthia Lummis

She has introduced the "BTC Act," aiming for the Treasury to acquire 1 million BTC within five years to ensure the US maintains a leading position in global BTC holdings.

Even Democratic Congressman Ro Khanna, known for his pragmatic stance on tech issues, supports holding confiscated BTC rather than selling it, indicating the potential of BTC as a reserve asset has gained bipartisan recognition.


02
State-Level BTC Reserves Are Imminent

While the federal government's initiatives are historic, US states are moving even faster. As of early 2025, at least 12 states have passed or proposed strategic BTC reserve legislation, and 18 states are reportedly exploring similar policies.

Which states are leading the way?

Texas

As a BTC mining hub, Texas has proposed that miners pay taxes in BTC, with the proceeds used to establish a state reserve.

Wyoming

Wyoming, a long-time supporter of cryptocurrencies, is pushing to hold BTC as a fiscal asset, viewing it as "digital gold."

Ohio, Florida, Arizona, and New Hampshire

These states have been promoting BTC-friendly regulations and are now seeking to formally include BTC in their financial reserves.

Even Massachusetts

Traditionally seen as a more strictly regulated state, Massachusetts' involvement shows that BTC adoption is transcending party lines.


03
Why States Are Turning to BTC Reserves

Hedge Against Inflation

BTC's fixed supply of 21 million makes it an attractive store of value.

Financial Independence

States that accumulate BTC will have an asset not bound by federal monetary policy or susceptible to inflation.

Competitive Advantage

Early adopters of BTC will attract more businesses, investors, and mining infrastructure.


04
The Global BTC Reserve Race Has Begun

While the US is only now actively pushing forward, other countries have been quietly accumulating BTC for years.

El Salvador

The first country to adopt BTC as legal tender, El Salvador has been steadily purchasing BTC and even using volcanic energy for mining.

Bhutan

This small, strategically important country has been secretly mining BTC using hydropower, accumulating BTC without much attention.

Russia

Although publicly taking restrictive measures towards BTC, reports suggest it has been holding BTC reserves through government-controlled mining operations or as part of a financial strategy.

Undoubtedly: BTC is no longer a fringe asset - it is becoming a core part of global reserve strategies.


05
Why BTC? Unique Attributes That Make It a Reserve Asset

The rise of BTC as a global reserve asset is not just speculation, but a result of its fundamental attributes:

Immutability and Censorship-Resistance

BTC is decentralized, with no government or central bank able to manipulate its supply. Transactions cannot be reversed or censored, ensuring true financial sovereignty.

Scarcity (Hard Money)

Unlike fiat currencies that can be printed infinitely, BTC has a fixed supply of 21 million - making it the first truly scarce digital asset.

Global, Borderless Asset

BTC operates outside the traditional banking system and can be instantly transferred anywhere, whether it's 1 satoshi (0.00000001 BTC) or billions of dollars.

No Central Issuer or Control

Unlike gold (which can be confiscated) or fiat currencies (controlled by central banks), BTC has no issuer. It purely exists on a decentralized network.

Transparency and Security

BTC runs on a public ledger (the blockchain), allowing anyone to verify transactions, making it the most transparent and auditable monetary system in history.


06
The Tipping Point Has Arrived

BTC is no longer a speculative gamble - it is becoming a strategic asset for governments and the financial elite. If you can't see the writing on the wall, it's either because you're not paying attention or you're refusing to accept reality.

The US is accumulating BTC at both the federal and state levels.

Countries like El Salvador and Bhutan have started acquiring BTC through purchases and mining.

BTC's attributes make it the perfect reserve asset in an era of fiat currency devaluation and geopolitical uncertainty.

The question is not whether BTC will become the dominant financial asset of the future, but when. The institutions, governments, and states that act first will benefit the most, while the hesitant will be left behind.

The choice is simple: adapt or be left out.

Link to the article: https://www.hellobtc.com/kp/du/03/5716.html

BTC
1.73%
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo