U.S. Should Act Quickly to Secure Bitcoin Dominance

According to Anthony Pompliano, the US should be one of the first countries to use Bitcoin as a national currency.

Anthony Pompliano has proposed allocating $250 billion for a Bitcoin Strategic Reserve, arguing that it could help stabilize the dollar and establish the U.S. as the world's largest Bitcoin holder.

According to Pompliano, Bitcoin is an "inflation hedge technology product" that could protect against currency debasement. He suggests that the U.S. print $250 billion to acquire Bitcoin, a move that would place the country among the first to adopt the cryptocurrency as a national currency, Coingape reports.

Highlighting the growing acceptance of Bitcoin among nations like Bhutan and El Salvador, crypto enthusiasts recently voiced their opinion that former President Donald Trump should establish the Bitcoin reserve.

In his latest comments, Pompliano also pointed to the increasing interest among companies to add Bitcoin to their balance sheets. He cites MicroStrategy's success in 2024 as an example of how owning Bitcoin could benefit companies facing currency devaluation.

Emphasizing the limited supply of Bitcoin, which caps at 21 million coins, Pompliano argues that it serves as an effective hedge against inflation.

If the U.S. were to adopt Bitcoin, it would join a select group of nations exploring the strategy. However, Pompliano stresses that acting quickly is crucial to secure a substantial portion of the limited digital currency.

According to Bitcoin enthusiast Anthony Pompliano, if the average price of a Bitcoin were $150,000, then the US could buy almost 1.6 million BTC with $250 billion.

Adding the 200,000 BTC now in U.S. possession to this, the country would have a reserve of 1.8 million Bitcoins, making it the biggest Bitcoin holder in the world.

Amid growing debates over Bitcoin's place in national reserves, prominent politicians and bankers have issued a call to action. A Bitcoin Strategic Reserve has been suggested by Senator Cynthia Lummis, and the incoming president, Donald Trump, has voiced his support for using the government's existing Bitcoin holdings as a starting point.

Insiders report that BlackRock, one of the world's largest asset managers, does not currently support the idea of a Bitcoin Strategic Reserve, despite the growing interest in the cryptocurrency among institutional investors.

However, another large financial company, VanEck, has publicly come out in support of the concept, indicating that institutional interest in Bitcoin is on the rise.

Notably, Pompliano's proposal aligns with broader global trends as other countries consider similar approaches.

For instance, presidential candidate Slawomir Mentzen in Poland has called for a Bitcoin reserve, arguing that the country should capitalize on Bitcoin's rising popularity and value.

These discussions unfold against the backdrop of Bitcoin's price reaching a new all-time high (ATH) above $94,000, attracting the attention of investors and lawmakers worldwide.

In turn, Bitcoin proponent Anthony Pompliano framed Bitcoin as a solution to the problems caused by the dollar's decline in value and the skyrocketing national debt.

According to Pompliano, the United States needs to act quickly if it wants to control the majority of Bitcoins before other countries do.

"This is the type of action that would cost us very little financially but could have a profound impact on our financial health in the future," Pompliano said.