Simon Georvich, CEO of Metaplanet, predicts that a rush to accumulate Bitcoins will occur if the United States creates a Bitcoin Strategic Reserve.
Gerovich, in a post on X dated Jan. 2, highlighted the chain reaction that could be triggered by a US decision to adopt Bitcoin. He claimed that the adoption of Bitcoin would spark a competition amongst countries, with early adopters gaining more while latercomers paying higher costs.
The statement was made by:
“The US adopting a Bitcoin Strategic Reserve could trigger a global domino effect. As game theory kicks in, nation-states will race to accumulate Bitcoin, knowing the last to act will pay the highest price.”
Gerovich, in a video posted by Bitcoin Magazine emphasized that, if Donald Trump’s incoming administration follows through on its promises to make Bitcoin a reserve of strategic value, it could create a precedent for other countries, such as Japan, to do the same. He pointed to Japan’s historical alignment with US policies and predicted similar trends across Asia and other regions.
Georvich has also addressed the impact of Bitcoin on emerging nations. He suggested that adopting Bitcoin might stabilize these countries’ currencies and strengthen their economies.
Skepticism persists
Gerovich’s optimism is widely shared by other crypto enthusiasts, who believe such a move could benefit the top crypto. There is still skepticism in the crypto industry.
Ki Young Ju, the CEO of CryptoQuant questioned such a decision. He pointed out that Bitcoin adoption would be more likely if there was a significant economic threat to the US’s global dominance.
Ju compared his proposal to previous calls for the return of gold standards, which had been rejected in favor financial innovation. Bitcoin and gold may face resistance because of the risk associated with relying solely on one asset.
Ju added
“The notion of buying Bitcoin to prepare for a Bitcoin Standard or as a tool to defend the dollar system seems far removed from the current reality. With global capital flowing into the U.S., many still believe the dollar’s dominance is secure.”
This skepticism is also evident in the market. Polymarket predicts that only 25% of the President-elect Trump’s first 100 day will be spent establishing a Bitcoin reserves.
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