US Bitcoin reserve idea could spark global race, Metaplanet CEO predicts US Bitcoin reserve idea could spark global race, Metaplanet CEO predicts
Georvich predicts US move to adopt Bitcoin would spur global competition, stabilize developing nations' currencies.
2 min read
Updated: Jan. 2, 2025 at 10:13 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Metaplanet CEO Simon Georvich predicts a worldwide rush for Bitcoin accumulation if the United States adopts a Bitcoin Strategic Reserve.
In a Jan. 2 post on X, Gerovich stressed the potential chain reaction a US move to embrace Bitcoin could ignite. He suggested that adopting would trigger competitive behavior among countries where early movers benefit most while latecomers face higher costs.
He 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, Gerovich further stressed that if the incoming Donald Trump administration fulfills its commitments to position Bitcoin as a strategic reserve, this action could set a global precedent, influencing 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. He suggested that adopting Bitcoin might stabilize these countries’ currencies and strengthen their economies.
Skepticism persists
Gerovich’s optimism is widely shared by other crypto enthusiasts, who believe such a move could benefit the top crypto. However, skepticism remains in the industry.
Ki Young Ju, CEO of CryptoQuant, questioned the practicality of such a move. He noted that a shift to Bitcoin would likely only occur if the US faced a major economic challenge threatening its global dominance.
Ju compared this proposal to past calls for a return to the gold standard, which were dismissed in favor of financial innovation. He argued that Bitcoin, like gold, may encounter resistance due to the risks of 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 also reflects this skepticism. Polymarket predictions suggest only a 25% likelihood of President-elect Trump introducing a Bitcoin reserve in his first 100 days.
Mentioned in this article
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
Latest US Stories
Latest Bitcoin Stories
Featured Story
Advertise Here
In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Metaplanet
Metaplanet Inc., a publicly traded company listed on the Tokyo Stock Exchange (3350), is a Japanese company that has undergone a strategic transformation to focus on Bitcoin.
Donald John Trump was born on June 14, 1946, in Queens, New York City.
