Opinion: If Bitcoin becomes a strategic reserve asset, winning the award will mark the end of the Federal Reserve’s leadership in global monetary policy

Christian Catalini, co-founder and chief strategy officer of Lightspark and founder of the MIT Cryptoeconomics Lab (who was also previously a co-founder of the failed Diem/Libra project) shares his views on U.S. debt, the Bitcoin strategic reserve proposal, and A view on the call to replace Fed Chairman Powell. Catalini believes that despite some false propaganda in the market, in fact the United States is not on the verge of a debt crisis.

From a broader perspective, the world has accumulated debt, especially after the 2008 global financial crisis. While this doesn't mean that being over-indebted is a good thing, it is a common problem that almost every country has to deal with in some way. But if the removal of Powell in January next year will destroy the SEC's institutional credibility and weaken the dollar, it will raise doubts about the market's ability to maintain debt. If Bitcoin does become a strategic reserve asset in the future, this may mark "the end of the Federal Reserve's leadership in global monetary policy."