Matthew Sigel, Head of Digital Assets Research at VanEck, has recently made comments regarding the potential of Bitcoin to become a global monetary standard, similar to gold, which have sparked controversy. This viewpoint is gathering momentum, particularly as the debate regarding a US Strategic Bitcoin Reserve intensifies. Related Reading: Bitcoin Faces Major Deleveraging – Analyst Explains Price Crash Below $100K The Future Of Finance: The Role Of Bitcoin Sigel stated that Bitcoin has the potential to significantly influence the future of global finance. He asserts that the establishment of a crypto strategic reserve by the United States government, with an estimated quantity of 1 million BTC, could establish the leading crypto asset as a new form of currency. This concept is reminiscent of historical periods in which nations accumulated gold in order to fortify their economic capabilities. Sigel posits that this could catapult the US to become the flag-bearer of the new era of finance. The gold standard once defined reserve assets. Now, Bitcoin presents the opportunity to converge on a ‘Digital Standard’ for money. It could very w ..
Support the originator by clicking the read the rest link below.
