On March 12, Ohio gubernatorial candidate and entrepreneur Vivek Ramaswamy argued at the "Bitcoin For America" summit that the return on holding bitcoin for more than ten years has become the new high-risk benchmark yield. He believes that the world is returning to the "era of capital scarcity", which is the opposite of the large-scale printing of money by the Federal Reserve in the past 15 years. Ramaswamy explains that institutional investors will again need to consider the "opportunity cost of capital" and set benchmark yields for low- and high-risk investments, noting that the benchmark for low-risk investments is 10-year US Treasuries, while the benchmark for high-risk investments is the 10- to 15-year return of Bitcoin. "Bitcoin and what it represents, not only as a financial asset, but also to help satisfy the desire for a symbol of American greatness," Mr. Ramaswamy said. "At the national level, it is a more appropriate asset to fill our national strategic reserves."