World’s Largest Economies Discusses the Possibility of a National Bitcoin Reserve
Famous Billionaire (Dan Morehead)Makes a Statement About the Future of Bitcoin these days..Morehead began his remarks by addressing the US’s dependence on gold as a reserve asset. “The United States stores $600 billion worth of gold,” Morehead said, adding that this amount is equivalent to 11 million years of American wages. Despite its historical importance, Morehead argued that gold is becoming obsolete as a reserve asset in the digital age. Turning to Bitcoin, Morehead described it as a “much better” store of value than gold. He noted that Bitcoin’s digital nature, rarity and global accessibility make it a more efficient and forward-looking reserve asset. “Go to digital gold, go to Bitcoin, it’s much better,” he said. Morehead also explained that...