Opinion: If Bitcoin Becomes a Strategic Reserve Asset, It Could Signal the End of the Fed's Dominance in Global Monetary Policy

BlockBeats News, November 18th, Christian Catalini, Co-Founder and Chief Strategy Officer of Lightspark, and Founder of the MIT Cryptoeconomics Lab (who was also a former Co-Founder of the failed Diem/Libra project), shared his views on US debt, the Bitcoin strategic reserve proposal, and the calls to replace Federal Reserve Chairman Powell.

Catalini believes that despite some misinformation in the market, the United States is not actually facing a debt crisis. From a more macro perspective, the world as a whole has accumulated debt, especially after the 2008 global financial crisis. While this does not mean that being heavily indebted is a good thing, it is a common problem that almost every country must address in some way. However, if removing Powell in January next year damages the institutional credibility of the SEC, weakens the US dollar, and raises doubts about the market's ability to sustain debt, it could trigger those doubts. If Bitcoin does indeed become a strategic reserve asset in the future, this could signal the "end of the Fed's leadership in global monetary policy."