The American economy is taking on water, and criticism is pouring in. Faced with this storm, some voices are rising to denounce the abuses, others are calling for action. Among them, Donald Trump, who offers an alternative to save the economy: Bitcoin. Would this be a lever to restore American power or a risky bet to tackle the national debt? At the same time, the prospect of a strategic Bitcoin reserve, although controversial, is sparking debate.
Trump and the Bitcoin reserve: a risky bet?
Mike Novogratz, CEO of Galaxy Digital, is not very optimistic about the creation of a strategic Bitcoin reserve under a Trump administration. For him, the chances remain slimdespite the historic rise in BTC. THE institutional constraintsincluding conflicts between branches of government, could well block this project before it even takes shape.
Indeed, according to him, the US dollar does not need crypto support to maintain its status as the world's reserve currency.
Novogratz sums it up thus: “ The United States, with the strongest military and a dominant economy, does not need Bitcoin to support the dollar. »
Despite everything, he admits that if such a reserve were created, it could propel the price of BTC to unprecedented heights, up to $500,000. This audacious project would make the United States a pioneer in the field of digital assetsbut the main obstacle remains the lack of political unitymaking this dream improbable.
- American national debt: nearly $36 trillion;
- Inflation in October: 2.6%, up;
- Bitcoin price at $89,461, at press time: a continued rise despite political uncertainties.
The global Bitcoin rush scenario: a $500,000 prophecy?
If a strategic Bitcoin reserve were established in the United States, Novogratz imagines an explosive scenario where other countries would be forced to follow. “ The race would be on! » he announces.
With El Salvador and Bhutan as forerunners, several countries have already jumped on the Bitcoin bandwagon, accumulating millions in crypto-assets. El Salvadorwhich legalized Bitcoin in 2021, displays impressive growth in assetsand Bhutan has reached over $1 billion in cryptos.
For the United States, this strategy would be twofold: a way of secure part of their national reserve while asserting their place of technology leader. However, the idea of such an investment remains speculative for the moment. Without a political consensus, this “crypto-flagship” could remain a utopia for Trump and his supporters.
However, the United States is not only facing a colossal debt, but also galloping inflation, rising from 2.4% in September to 2.6% in October. Could bitcoin remedy this problem?
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