Bitcoin Advocate Calls for U.S. to Secure $250 Billion BTC Reserve to Protect Dollar

Anthony Pompliano, a prominent Bitcoin proponent, has proposed that the United States allocate $250 billion to create a Bitcoin Strategic Reserve.

His idea involves printing this amount of money specifically to purchase Bitcoin , positioning it as a safeguard against the U.S. dollar’s depreciation. This comes as Bitcoin has recently reached new heights, surpassing $94,000 for the first time.

Pompliano envisions Bitcoin as an essential tool for the U.S. to protect its financial stability, arguing that its limited supply of 21 million coins makes it an ideal hedge against inflation. He believes that the U.S. should lead the way in securing Bitcoin reserves, especially as other countries, such as El Salvador and Bhutan, are starting to embrace it. He also pointed to corporations, like MicroStrategy, that have seen success with Bitcoin investments as a model for national adoption. Pompliano suggested that by acquiring Bitcoin early, the U.S. could control a substantial portion of the global Bitcoin supply.

If the U.S. were to allocate $250 billion to Bitcoin, Pompliano estimates it could acquire about 1.6 million BTC, bringing the nation’s total holdings to around 1.8 million BTC when combined with its existing reserves. This would make the U.S. the world’s largest holder of Bitcoin. This proposal comes at a time when Bitcoin’s role in national reserves is becoming a more widely debated topic among policymakers and financial experts.

While some, including Senator Cynthia Lummis and figures like Michael Saylor and Robert F. Kennedy Jr., have voiced support for a Bitcoin reserve, the proposal has faced mixed reactions. BlackRock has expressed skepticism, while VanEck has shown support. Globally, other nations are also considering similar strategies, with Poland’s Slawomir Mentzen advocating for a national Bitcoin reserve to combat economic instability.

Pompliano’s call to action highlights the urgency of adopting Bitcoin to counteract rising debt and the weakening dollar. He emphasizes that this move would have a minimal financial cost but could yield significant long-term benefits for the nation’s economic future.