Biticoin Bull Pompliano: Tokenizing USD Will Secure Currency’s Position as the “Global Reserve Currency” in the Future
The Co-Founder of Morgan Creek Digital and widely known as a “bitcoin bull”, Anthony Pompliano was recently involved in an interesting discussion with CNBC’s Squawk Box. As per Bitcoinist, the expert shared his opinions on what will allow Bitcoin to retain its store-of-value given the potential that rests in digitalized national currencies.
He seems to have emphasized on two things. First, he noted that if he were the U.S. government, he would be working towards tokenizing the USD – something that China is already working on with its Yuan and second, reasons for choosing Bitcoin.
The reason why the latter is an important step stems from the accessibility of the currency. More specifically, he argued that if the Yuan were to be tokenized, while the USD remains as is, then it would become easier for other countries to buy the former. In order to prevent this and ensure that the USD remains the “global reserve currency”, Pompliano deems tokenization is crucial.
As per his words:
“We will reach a point where the U.S. Dollar will become digital. Other currencies will become digital. If I’m the U.S. government, I think they should tokenize the dollar immediately.”
The second thing obviously entails his opinion on Bitcoin, where the Co-Founder is strong in his belief that Bitcoin will take the win all the way through. At the end of the day, Pompliano trusts that the people will pick a currency that neither reflects manipulation nor censorship; not to forget one that lacks government control and intervention.