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Image Credit: Bitcoinmagazine

Bitcoin Is A Strategic Asset, Not XRP

  • A proposal submitted to the U.S. SEC argues for XRP as a 'strategic financial asset' for the United States.
  • The proposal suggests that if XRP is classified as a payment network, banks use it, and the Federal Reserve mandates its use, $1.5 trillion can be freed up to buy 25 million Bitcoin.
  • The proposal's logic is questionable as it overlooks the process of replacing dollars with XRP and the limited supply of Bitcoin.
  • Bitcoin is considered a strategic asset due to its global usage and governance by multiple nodes, contrasting with XRP's centralized nature.

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