Economist Steve Hanke Disagrees. Here’s Why That View Deserves a Closer Look.
Economist Steve Hanke argues that Bitcoin is a poor choice for a strategic reserve, claiming it would “freeze funds” and hinder economic growth. While his perspective sparks debate, does it consider the bigger picture—especially Bitcoin’s growing role in the digital economy?
Contrary to the idea of Bitcoin being stagnant, it plays a dynamic role in today’s financial landscape. Far from sitting idle, Bitcoin fuels blockchain technology, drives innovation, and creates countless opportunities. From powering decentralized finance (DeFi) platforms to facilitating global transactions, Bitcoin is an evolving force.
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Moreover, Bitcoin has spurred demand for energy-efficient technologies and job creation across industries. Its role as “digital gold” may be just one piece of the puzzle—Bitcoin is actively traded on exchanges, integrated into payment systems, and innovating new financial models.
So, while skepticism like
Hanke’s invites valid discussion, dismissing Bitcoin as a frozen asset overlooks its transformative impact on modern finance and technology.
