Backing the US dollar with Bitcoin (as a 'Bitcoin reserve') would make the dollar extraordinarily volatile because the Federal Reserve and Treasury cannot control Bitcoin's price, so fluctuations in Bitcoin's price would directly translate into fluctuations in the dollar's value, which is inappropriate for a reserve currency
causalpending
Speaker
Jim BiancoEvidence Quote
“if we were to start to back it by something...every dollar in your pocket has some percentage ownership of Bitcoin could make it extraordinarily volatile because as the price of Bitcoin gy rates around so would the value of that dollar in your pocket and the US Treasury of the Federal Reserve has no ability to control the price of that Bitcoin”
Created: 8/11/2026, 7:52:47 AM
My Notes
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