Reserve

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Standard

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/expert-outlines-potential-path-for-countries-to-adopt-bitcoin-standard/" data-wpel-link="internal">Expert Outlines Potential Path for Countries to Adopt Bitcoin Standard</a><br></p>
<p style="text-align: justify">Renowned macroeconomics expert <strong>Lyn Alden</strong> recently outlined a potential path for countries to adopt the Bitcoin Standard in an interview with <a href="https://en.coin-turk.com/bitcoin-and-altcoins-show-varied-market-movements/" data-wpel-link="internal">crypto analyst</a> and trader <strong>Scott Melker</strong>. First introduced by economist Saifedean Ammous in 2018, this concept defines Bitcoin as a decentralized and apolitical alternative to traditional national currencies and central banks.</p> 
<h2 style="text-align: justify" id="strong-soft-transition-to-bitcoin-standard-and-national-reserve-integration-strong"><strong>Soft Transition to Bitcoin Standard and National Reserve Integration</strong></h2> 
<p style="text-align: justify">Alden suggested that countries could start by integrating Bitcoin into their national reserves for a soft transition to the Bitcoin Standard. This move would signal a commitment to supporting a Bitcoin-based financial infrastructure. Alden also advocated for creating a favorable environment for businesses operating with Bitcoin, which could include removing taxes on small Bitcoin transactions to encourage its use as legal tender or at least as a medium of exchange.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-375183" src="https://coin-turk.com/wp-content/uploads/2024/07/Bitcoin-4.png" alt="" width="3302" height="1728"></p> 
<p style="text-align: justify">Although the idea of a Bitcoin Standard seems distant given Bitcoin’s current market size, Alden added that such a shift would not happen overnight. She emphasized that Bitcoin is still too small to function as a universal reserve asset or legal tender on a global scale. However, she noted that ongoing financial difficulties in the United States, particularly with its record $35 trillion debt, could accelerate Bitcoin adoption by institutions and governments.</p> 
<h2 style="text-align: justify" id="strong-increased-liquidity-and-acceptance-will-make-bitcoin-viable-for-countries-strong"><strong>“Increased Liquidity and Acceptance Will Make Bitcoin Viable for Countries”</strong></h2> 
<p style="text-align: justify">According to Alden, increased liquidity and acceptance of Bitcoin point to a <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> where more countries may view the largest <strong>cryptocurrency</strong> as a viable financial asset. As these financial and technological developments occur, Bitcoin could become increasingly integrated into the global financial system, paving the way for broader adoption of the Bitcoin Standard.</p> 
<p style="text-align: justify">During Alden’s interview, Bitcoin’s price was at $66,743, reflecting its rising value and growing interest from both individual and institutional <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. The macroeconomics expert believes that as the financial situation in major economies like the U.S. continues to evolve, Bitcoin’s role in global finance could significantly increase.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/expert-outlines-potential-path-for-countries-to-adopt-bitcoin-standard/" data-wpel-link="internal">Expert Outlines Potential Path for Countries to Adopt Bitcoin Standard</a></h5>
<p>The post <a href="https://en.coin-turk.com/expert-outlines-potential-path-for-countries-to-adopt-bitcoin-standard/" data-wpel-link="internal">Expert Outlines Potential Path for Countries to Adopt Bitcoin Standard</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Expert Outlines Potential Path for Countries to Adopt Bitcoin Standard

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Інші статті, опубліковані 30 лип. 2024 р.

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