Metaplanet CEO Simon Georvich predicts a global rush to Bitcoin accumulation if the United States adopts a Bitcoin Strategic Reserve.
In a January 2 post on X, Gerovich highlighted the potential chain reaction that a US move to embrace Bitcoin could cause. He suggested that adoption would trigger competitive behavior among countries where early movers benefit most, while late movers face higher costs.
He declared:
“US adoption of a Bitcoin Strategic Reserve could cause a global domino effect. As game theory takes hold, nation states will race to accumulate Bitcoin, knowing that the last to act will pay the highest price.”
In a video shared by Bitcoin Magazine, Gerovich further emphasized that if Donald Trump’s new administration follows through on its promises to position Bitcoin as a strategic reserve, this action could set a global precedent and influence countries like Japan to follow suit . He pointed to Japan’s historical alignment with U.S. policies and predicted similar trends in Asia and other regions.
Georvich also discussed the potential impact on developing countries. He suggested that adopting Bitcoin could stabilize these countries’ currencies and strengthen their economies.
Skepticism persists
Gerovich’s optimism is widely shared by other crypto enthusiasts, who believe such a move could benefit the top crypto. However, there is still skepticism in the sector.
Ki Young Ju, CEO of CryptoQuant, questioned the feasibility of such a move. He noted that a shift to Bitcoin would likely only happen if the US faced a major economic challenge that would threaten its global dominance.
Ju compared this proposal to previous calls for a return to the gold standard, which were rejected in favor of financial innovation. He argued that Bitcoin, like gold, could face resistance due to the risks of relying on a single asset.
Ju added:
“The idea of buying Bitcoin in preparation for a Bitcoin standard or as a tool to defend the dollar system seems far removed from current reality. As global capital flows into the US, many still believe the dollar’s dominance is secure.”
Moreover, market sentiment also reflects this skepticism. Polymarket forecasts to suggest only a 25% chance that President-elect Trump will introduce a Bitcoin reserve in his first 100 days.
