Bitcoin (BTC) Reserve Discourse Resurfaces as Macroeconomic Analyst Advises the US to Tap the Asset

Bitcoin (BTC) Reserve discourse resurfaced to the surface. Macroeconomic analyst Luke Gromen advised the US to consider Bitcoin to address economic

Discourse about Bitcoin (BTC) turning into a reserve asset or Bitcoin Reserve has resurfaced. Macroeconomic analyst Luke Gromen suggested that the US consider Bitcoin to navigate economic and geopolitical challenges. According to him, global pressure like the Ukraine conflict has weakened the dollar-based system, which has also hindered the crucial manufacturing sector.

Gromen proposed a new strategy, namely to prop up the market for government bonds with Bitcoin while depreciating the dollar. “Bitcoin is now being eyed as a strategic tool,” he said. The US government is beginning to explore its potential to balance the national balance sheet.

The Department of Treasury’s report also highlights the role of stablecoins in driving up demand for government bonds. In fact, the former US House of Representatives Chairman Paul Ryan supports stablecoins as a way to bolster the Treasury market.

Gromen likened this to the 1973 event, when oil prices shot up by 400%, making it a key asset that underpins the US dollar. “Bitcoin needs to expand faster to create sufficient balancing capacity,” he explained.

He also highlighted how Bitcoin can help finance re-industrialization without burdening the people. “Inflation that arises from this step can be compensated with real income for the community,” he added.

However, skepticism persists. Bitcoin’s stability is being questioned, especially whether this asset is strong enough to support the US economy.

But with BTC’s market capitalization that continues to grow, this idea cannot be ignored. Bitcoin will likely become an important part of the US economic strategy in the future.