Deutsche Bank: "Bitcoin (BTC) Strategic Reserve Plan Will Strengthen US Leadership in Digital Assets"
Summary
- Deutsche Bank assessed that the Bitcoin strategic reserve plan could play an important role in US financial strategy.
- The bank stated that if the US incorporates BTC as a strategic reserve asset, it can hedge against inflation and strengthen leadership in the digital asset market.
- Deutsche Bank reported that the BTC strategic reserve plan shows confidence in the future of digital assets and could become a new global standard.
According to crypto media Cryptobasic on the 10th (local time), Deutsche Bank, Germany's largest commercial bank, has given a positive assessment of the United States' Bitcoin (BTC) strategic reserve plan.
Deutsche Bank stated in a report, "BTC can play an important role in the US financial strategy as a strategic reserve asset," adding, "Amid growing concerns about inflation and the depreciation of the dollar, the US can hedge against inflation and strengthen its leadership in the digital asset market by incorporating BTC as a strategic reserve asset."
The bank further added, "The US BTC strategic reserve plan demonstrates confidence in the future of digital assets and, like the US gold reserves in the 20th century, could establish itself as a new global standard."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
