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Economic Daily article: Will Bitcoin become a US reserve asset?

The Economic Daily published an article titled "Will Bitcoin Become a US Reserve Asset?" The author of the article, Lian Jun, said that although the incoming US government has shown a strong interest in cryptocurrencies, there are still many "hurdles" that need to be passed before bitcoin can truly become a US national reserve asset. From a policy perspective, the listing of bitcoin as a strategic reserve asset requires a complex legislative process, involving the coordination and balance of interests of multiple regulators. In addition, the traditional US Financial Institutions Group, conservative lawmakers and interest groups that are skeptical of digital assets may concentrate on opposition, and the implementation is not small. The article argues that the soaring price of bitcoin seems to have given some people hope to recreate the process of "from the collapse of the Bretton Woods system to the establishment of the petrodollar". However, bitcoin itself is not stable, and once it becomes a strategic reserve asset, it may bring greater challenges to regulators, and it may also trigger the vigilance of other countries in the world and exacerbate the friction in the international financial field. It is uncertain whether the US economy, which has been eroded by high inflation for many days, can withstand its impact.