Metaplanet CEO Simon Georvich has made a bold prediction, foreseeing a global rush for Bitcoin accumulation should the United States decide to establish a Bitcoin Strategic Reserve.
In a recent post on X dated January 2, Georovich highlighted the potential ripple effect that US adoption of Bitcoin could trigger. He emphasized that such a move would spark competitive behavior among nations, with early adopters reaping the most benefits while latecomers facing higher costs.
Georvich stated:
“The US adopting a Bitcoin Strategic Reserve could trigger a global domino effect. As game theory kicks in, nation-states will race to accumulate Bitcoin, knowing the last to act will pay the highest price.”
In a video shared by Bitcoin Magazine, Georovich further elaborated that if the incoming administration under Donald Trump fulfills its promises to position Bitcoin as a strategic reserve, it could set a global precedent, prompting countries like Japan to follow suit. He pointed to Japan’s historical alignment with US policies and predicted similar trends across Asia and other regions.
Georvich also discussed the potential impact on developing nations, suggesting that adopting Bitcoin could potentially stabilize their currencies and bolster their economies.
Skepticism Persists
While Georvich’s optimism is shared by many crypto enthusiasts who see the potential benefits for the leading cryptocurrency, skepticism remains prevalent within the industry.
Ki Young Ju, CEO of CryptoQuant, raised doubts about the feasibility of such a move, noting that a shift to Bitcoin would likely only occur in the face of a major economic crisis threatening US global dominance.
Ju drew parallels to past calls for a return to the gold standard, which were rejected in favor of financial innovation. He argued that Bitcoin, like gold, may face resistance due to the risks associated with relying on a single asset.
Ju added:
“The notion of buying Bitcoin to prepare for a Bitcoin Standard or as a tool to defend the dollar system seems far removed from the current reality. With global capital flowing into the U.S., many still believe the dollar’s dominance is secure.”
Moreover, market sentiment echoes this skepticism, with Polymarket predictions indicating only a 25% likelihood of President-elect Trump introducing a Bitcoin reserve within his first 100 days in office.
Mentioned in this article