The Dawn of a New Reserve Era? From Gold, to Treasuries to Bitcoin

The United States has long relied on the dollar and U.S. Treasuries as the twin pillars of its economic, fiscal and monetary strategies. But what happens when these instruments lose their luster?

According to the Bitcoin Policy Institute’s Head of Policy, Zack Shapiro, the current financial system is entering a historic inflection point. In a recent interview for the Bitcoin Policy Hour, he noted “If the United States announces that we are buying a million Bitcoin, that’s just a global seismic shock,” going on to say: “We probably go very quickly to something like a million dollars per Bitcoin.”

And while…

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