Over the years, bitcoin (BTC) has proven to be useful in strengthening the economic system of countries. But, governments are still hesitant to accept the flagship cryptocurrency, because for them, it is above all a threat. That said, a macroeconomist recently explained how bitcoin (BTC) could be a source of economic growth.
Bitcoin (BTC) is not a threat to the United States
According to macroeconomist Luke Gromen, bitcoin (BTC) is not a threat to the United States. On the contrary, cryptocurrency could make the country more competitive, especially against China and Russia. Acceptance of bitcoin (BTC) in the United States could help “economic boom“. According to the macroeconomist, this is an option not to be overlooked, especially if the United States’ global rivals choose to accumulate gold.
Gromen said:Bitcoin could be a sovereign asset of the United States, it could actually be a huge positive asset for the United States. […] I think at the end of the day, the powers that be on the financial side of the United States absolutely see it as a threat. It doesn’t have to be. It depends on how we could use it.“.
He added that it was enough for the United States to declare:All right, Russia and China, you want to store gold, we will arrange the exchanges in bitcoins.“. We will attend there explosion in the bond market, leading to an economic boom. At the same time, Gromen admitted that bitcoin (BTC) is threatening the dollar with its growth. However, the macroeconomist believes that cryptocurrency could not succeed in replacing the dollar.
Macroeconomist Luke Gromen suggested that bitcoin (BTC) would be a big boon to the US economy. His proposal comes as the US government works to establish a cryptocurrency regulatory system.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and pass my pen knowledge related to this ecosystem.