Summary
- Chip Daniels, CEO of an investment firm under Citigroup, stated that the strategic adoption of Bitcoin (BTC) as a reserve asset could align with U.S. interests.
- He emphasized the social value and scarcity of BTC, explaining that it aims to function outside government control.
- Introducing BTC as a strategic asset signifies a leap in financial technology and will invigorate the fintech sector.
Chip Daniels, CEO of Salomon Brothers, an investment firm under Citigroup, stated in a CoinDesk column on the 10th (local time) that "while I cannot fully agree with President Donald Trump's initiative to strategically adopt Bitcoin (BTC) as a reserve asset, it could align with the interests of the United States."
He explained, "Critics of virtual assets (cryptocurrencies) argue that they have no intrinsic value, but this is akin to saying that Picasso's works have no value beyond paint and canvas."
Furthermore, he added, "BTC possesses social value and scarcity, with the goal of functioning outside government control," and "introducing BTC as a strategic reserve asset signifies a leap in financial technology, invigorating the fintech sector and representing a forward-looking measure."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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