Bitcoin Becomes US Reserve Asset? Check Out Suggestions From Macro Economy Observer Luke Gromen

Macroeconomic analysts suggest Bitcoin to be a state reserve asset. (Photo; Doc. HardwareVortex)

JAKARTA - The discourse about Bitcoin (BTC) becoming a reserve asset or Bitcoin Reserve resurfaced to the surface. Macroeconomic analyst Luke Gromen advised the US to consider Bitcoin to address economic and geopolitical challenges. According to him, global pressure such as the Ukraine conflict has weakened the dollar-based system which has also weakened the vital manufacturing sector.

Gromen proposed a new strategy, namely supporting the market of state bonds with Bitcoin while depreciating the dollar. "Bitcoin is now seen as a strategic tool," he said. The US government is starting to explore its potential to balance the national balance sheet.

The Ministry of Finance's report also highlights the role of stablecoins in increasing demand for state bonds. In fact, the former chairman of the US House of Representatives, Paul Ryan, supports stablecoins as a way to strengthen the Treasury market.

Gromen compared this to the 1973 event, when oil prices surged 400%, making it a major asset that supports the US dollar. "Bitcoin should grow faster to create adequate balance capacity," he explained.

He also highlighted how Bitcoin can help finance re-industrialization without burdening the people. "Inflation that arises from this step can be balanced with real compensation for the community," he added. However, skepticism persists. Bitcoin stability is questioned, especially whether this asset is strong enough to support the US economy.

However, with BTC's growing market capitalization, this idea cannot be ignored. Bitcoin will probably be an important part of the US economic strategy in the future.