Summary
- US Senator Bernie Moreno said that if he had spare funds, he would choose Bitcoin (BTC) instead of gold.
- Moreno added that while Bitcoin is volatile, investing should be approached with a long-term perspective.
- He stressed that stablecoins are an opportunity to increase demand for US Treasuries and reduce debt-servicing costs, warning that if the US fails to capitalize on it, the center of innovation will shift to other countries.
US Senator Bernie Moreno, known for his pro-digital asset (cryptocurrency) stance, said that if he had spare funds, he would choose Bitcoin (BTC) over gold.
According to crypto-focused US media outlet Wu Blockchain on the 24th (local time), Moreno said in an interview with CNBC, "I don't currently hold any digital assets, but if I had the capacity to invest, I'd buy Bitcoin rather than gold."
He added, "Bitcoin is volatile, but investing should be approached with a long-term perspective."
He also pushed back against claims in some quarters that stablecoins could threaten the dollar's dominance. He argued, "Stablecoins can significantly increase demand for US Treasuries, which could reduce debt-servicing costs by hundreds of billions of dollars a year."
He went on to warn, "If the United States fails to seize this opportunity, the center of innovation will shift to other countries."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
