Bitcoin Strategic Reserve: Nic Carter Casts Doubt on Prospect In the US

CoinMarketCap12-20

Castle Island Ventures Founding Partner Nic Carter has expressed skepticism regarding the idea of a Strategic Bitcoin Reserve (SBR) under Donald Trump’s administration. Many in the crypto community ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Strategic Reserve: Nic Carter Casts Doubt on Prospect In the US\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 02:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/6764661a0e444a65634cb02a/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Castle Island Ventures Founding Partner Nic Carter has expressed skepticism regarding the idea of a Strategic Bitcoin Reserve (SBR) under Donald Trump’s administration.\nMany in the crypto community ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6764661a0e444a65634cb02a/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6764661a0e444a65634cb02a/","article_id":"2492810040","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/a00e598579a744309cbc58517c3d6004.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492810040","pubTimestamp":1734632982,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Castle Island Ventures Founding Partner Nic Carter has expressed skepticism regarding the idea of a Strategic Bitcoin Reserve  under Donald Trump’s administration.Many in the crypto community and lawmakers have championed the idea of the government building a Bitcoin reserve. In contrast, Carter warned that such a move could have serious consequences for the U.S. dollar and global financial markets.Nic Carter Breaks Silence on Bitcoin Reserve Prospect. In a recent interview, Nic Carter voiced strong reservations about the feasibility and risks of creating a U.S. Bitcoin reserve.While he acknowledged Bitcoin’s growing acceptance as a store of value, he emphasized the challenges posed by its volatility.Bitcoin’s frequent price fluctuations could introduce unwanted instability, which is undesirable for a nation seeking economic stability. Meanwhile, Carter’s skepticism is echoed by other voices in the crypto and financial sectors.Arthur Hayes, co-founder of BitMEX, also doubts the feasibi","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","SBR":"Sabine Royalty Trust UBI","BK4601":"加密货币现货ETF","IBIT":"iShares Bitcoin Trust","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4213":"石油与天然气的勘探与生产"},"translate_title":"比特币战略储备：Nic Carter对美国的前景表示怀疑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBIT":1,"SBR":1},"content_text":"Castle Island Ventures Founding Partner Nic Carter has expressed skepticism regarding the idea of a Strategic Bitcoin Reserve (SBR) under Donald Trump’s administration.\nMany in the crypto community and lawmakers have championed the idea of the government building a Bitcoin reserve. In contrast, Carter warned that such a move could have serious consequences for the U.S. dollar and global financial markets.\nNic Carter Breaks Silence on Bitcoin Reserve Prospect\nIn a recent interview, Nic Carter voiced strong reservations about the feasibility and risks of creating a U.S. Bitcoin reserve.\nWhile he acknowledged Bitcoin’s growing acceptance as a store of value, he emphasized the challenges posed by its volatility.\nBitcoin’s frequent price fluctuations could introduce unwanted instability, which is undesirable for a nation seeking economic stability. Meanwhile, Carter’s skepticism is echoed by other voices in the crypto and financial sectors.\nArthur Hayes, co-founder of BitMEX, also doubts the feasibility of a U.S. Bitcoin reserve. Hayes argued that politicians would prioritize domestic spending over Bitcoin.\nHe noted that most would see the idea of using taxpayer money for it as unrealistic and impractical given national needs.\nUSD and Congress Consideration\nOne of the most significant challenges in establishing a U.S. Bitcoin reserve is the status of the U.S. dollar.\nNotably, the dollar is currently the world’s primary reserve currency. The dollar’s strength is rooted in decades of trust in the U.S. government and its economic policies.\nCarter warned that a Bitcoin reserve could destabilize the global financial system, signaling to international markets that the dollar is at risk.\nThis could cause a loss of confidence in the currency, leading to global economic turmoil.\nThe U.S. dollar’s central role in global trade and finance makes it particularly vulnerable to such shifts. Any signal that the U.S. is hedging against its own currency with a volatile asset like Bitcoin could prompt market reactions.\nInvestors may turn to alternatives like gold or commodities, further weakening the dollar and destabilizing the global financial market.\nFurthermore, Carter pointed out that Congress would likely be cautious about adopting such a policy.\nHe noted that the U.S. lawmakers are traditionally slow to embrace new and unproven financial instruments, particularly those as volatile as Bitcoin.\nThere is also deep concern about the environmental impact of Bitcoin mining. This is complemented by its alleged illicit activities and its overall regulatory uncertainty.\nIf Congress were to consider a Bitcoin reserve, it would require thorough debate. The idea would likely be met with strong opposition from both political parties, making it an unlikely scenario in the immediate future.\nCarter’s caution aside, not establishing a U.S. Bitcoin reserves could be a disadvantage.\nAccording to proponents, the country could miss an opportunity to diversify economic policy and protect against future inflation. Meanwhile, countries like China with its digital yuan are advancing in government-backed digital assets.\nAs a result, the U.S. risks losing its leadership in the global digital asset race.\nRussia and Japan could launch the Bitcoin reserve before the United States. This comes as both nations are driving the idea of national strategic reserves similar to traditional currency reserves.\nWhat to Expect from Donald Trump\nUnder President Donald Trump, the possibility of establishing a U.S. Bitcoin reserve is high.\nDuring his campaign, he endorsed crypto assets and pledged to support the industry. Trump’s administration promises to focus on favorable crypto regulations, which some saw as a positive move for Bitcoin’s growth.\nUpon Trump’s re-election, Bitcoin’s price saw an impressive bullish trajectory that spread across the broader crypto markets.\nAlso, this rally has brought in huge profits for investors. However, if Trump were to propose such a move, the political resistance, coupled with concerns over Bitcoin’s volatility and its potential impact on the dollar, would likely stall any serious efforts.\nBased on these challenges, it remains to be seen how the Bitcoin Bill from Sen Cynthia Lummis will evolve\nThe post Bitcoin Strategic Reserve: Nic Carter Casts Doubt on Prospect In the US appeared first on The Coin Republic.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492810040"}