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Thorn highlighted the historical collapse of fiat currencies, asserting that exploring alternatives like Bitcoin is a “reasonable” long-term strategy. He noted that several nations, including El Salvador, are already leveraging Bitcoin, either through adoption or mining operations. This creates a competitive landscape where the U.S. may feel compelled to align its policies to maintain global leadership.
He described the game theory around Bitcoin as clear, with many countries showing increasing interest in the asset. While the timeline for such a move remains uncertain, Thorn argued that the idea of a Bitcoin reserve becomes more plausible when considering financial strategies extending over the next century.
Galaxy Digital CEO Mike Novogratz echoed Thorn’s sentiment, predicting that a U.S. Bitcoin reserve could push BTC prices to $500,000. He pointed to surging Bitcoin adoption globally, particularly in regions like the Middle East, as evidence of its growing significance.
Novogratz emphasized that as more nations adopt Bitcoin, its potential to become a cornerstone of global finance grows stronger, potentially driving a significant paradigm shift in the world’s economic system.
With increasing international interest and favorable political developments, Bitcoin could emerge as a key asset in reshaping the future of finance.