 ▲ Bitcoin (BTC), U.S. Dollar (USD) |
A claim has emerged that the Trump administration’s virtual asset policy must move beyond a simply friendly stance and enter a full-scale implementation phase aimed at securing national dominance through strategic reserves and substantive legislation.
According to cryptocurrency media outlet Cointelegraph on March 4 (local time), David Bailey, CEO of BTC Inc. and former crypto advisor to the Trump administration, stated that the U.S. government should go beyond merely favoring Bitcoin (BTC) and officially establish it as a central pillar of national strategy. Bailey, who leads Bitcoin Magazine, is considered a key figure deeply involved in designing crypto policy for the Trump camp.
Bailey emphasized that to secure overwhelming superiority in the global Bitcoin race, the United States must expedite legislative procedures to formally designate Bitcoin as a national strategic reserve asset. “Actively embracing Bitcoin at the national level is not simply a financial choice but a matter of survival directly linked to national security,” Bailey said. “Bitcoin must be utilized as a powerful strategic asset to compensate for the limitations of the traditional monetary system and to defend the dollar’s global influence.”
The passage of concrete bills such as the BITCOIN Act, currently under discussion in the U.S. Senate, is expected to mark a significant turning point for virtual assets entering the core of institutional finance. Bailey argued that positive rhetoric from the administration alone is insufficient to secure full market confidence, and that a solid legal foundation is necessary to attract a lasting influx of large-scale institutional capital. He also mentioned the need to establish a dedicated government agency to systematically manage and reserve Bitcoin.
As the Trump administration moves to fulfill its pledge to dismantle regulatory barriers in the crypto market and foster the mining industry as a national strategic sector, coordinating interests with existing financial powers is expected to be a key challenge. Bailey advised that carefully designed policies are required to boldly eliminate outdated regulations that hinder innovation while preserving the stability of the financial system. He warned that failure to secure leadership in Bitcoin could result in an irreversible shift of digital financial dominance to rival nations.
Market experts view Bailey’s remarks as an important indicator of the direction of future policy initiatives under the Trump administration. The introduction of strategic reserves and strong support for the mining industry are expected to highlight Bitcoin’s scarcity and provide unprecedented upward momentum to the market. The institutionalization of crypto policy could accelerate the digital transformation of the U.S. economy and fundamentally reshape the landscape of global capital markets.
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