Future Tense Bitcoin boom or digital deception?
May 15, 2025
Join Larisa Yarovaya, an expert in digital finance from the University of Southampton, and Robert Elliott, an economics professor at the University of Birmingham, as they dissect Trump's audacious plan for a US Strategic Bitcoin Reserve. They explore the implications of this move on global finance and the crypto market's perception. The duo also tackles the intertwining of cryptocurrency with U.S. politics, raising critical questions about regulation, insider trading, and the potential conflicts of interest stemming from political involvement in digital currencies.
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Bitcoin as Strategic Asset
- Donald Trump repositions Bitcoin as a strategic asset, not just speculative.
- This symbolizes a shift towards longer-term adoption and value retention by the US government.
Volatility and Dollar Complementarity
- Bitcoin's volatility is viewed as a feature, appealing for portfolio diversification.
- The US Bitcoin reserve could complement, not replace, the US dollar as global reserve currency.
Global Crypto Arms Race
- Trump's Bitcoin reserve sparks a crypto arms race as nations vie for scarce Bitcoin.
- Governments globally consider regulation to secure Bitcoin before prices soar further.