Is A Bitcoin Strategic Reserve A Good Idea? Expert Pushes Back: ‘Just Buy BTC Yourself’
Posted On December 17, 2024
Austin Campbell, CEO of fintech company WSPN Payments, voiced strong opposition to the idea of a strategic Bitcoin reserve, advocating instead for personal ownership of Bitcoin (CRYPTO: BTC).
What Happened: In a detailed thread posted on X on Sunday, Campbell acknowledged Bitcoin’s value as an asset but warned against governments or corporations taking speculative positions in BTC.
His key arguments include:
- Dollar Decline & Fiscal Mismanagement: Campbell stated that a strategic Bitcoin reserve would accelerate the decline of the U.S. dollar, signal fiscal irresponsibility and undermine monetary policy. He likened the potential fallout to the economic instability of …
About The Author
