Investment veteran Frank Giustra took aim at Ark Invest CEO Cathie Wood's proposal for the White House to accumulate 1 million BTC as part of a national strategic reserve. Wood had framed the move as essential for maintaining U.S. political influence heading into 2026, suggesting that holding massive Bitcoin reserves would reinforce American economic dominance on the global stage. Giustra's response was blunt: he questioned the underlying logic, arguing that anchoring such a significant policy decision primarily on geopolitical optics rather than fundamental economic merit reflected flawed reasoning. The exchange highlights a fundamental tension in Bitcoin adoption discourse—whether institutional and government-level accumulation should be driven by long-term value conviction or short-term strategic positioning. Wood's case ultimately rests on Bitcoin's role as "digital gold" for national treasuries, a thesis gaining traction among certain policymakers. Giustra's skepticism, meanwhile, underscores concerns about whether trillion-dollar policy decisions should hinge on preserving political narrative rather than rigorous economic analysis.

BTC0.29%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)