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- Zameer Attar
Zameer Attar
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๏ปฟAnjali BelgaumkarWriter by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Oct 15, 2025 11:09 UTC
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Why Mark Yusko Says Governments Should Start Buying Bitcoin Now
Mark Yusko explained US doesnโt actually have a strategic Bitcoin reserve
He sees Bitcoin as a superior form of money because it operates independently of governments
Mark Yusko, the Founder, CEO, and CIO of Morgan Creek Capital Management, has expressed strong support for the proposed U.S. Bitcoin Reserve Bill, but with a dose of realism about its current shortcomings.
In a recent interview with Thinking Crypto, Yusko explained that the United States doesnโt actually have a strategic Bitcoin reserve; what it has is a digital asset stockpile built largely from Bitcoin seized through criminal and civil asset forfeitures.
He said, โWe actually don’t have the strategic Bitcoin reserve, which would be awesome if we did. What we have is the digital asset stockpile.โ
Push for a Strategic Bitcoin Reserve
Senator Cynthia Lummis and other lawmakers have been pushing for legislation that would allow the U.S. government to buy Bitcoin regularly over a five-year period, treating it like gold, as a part of the nationโs financial reserves.
The proposal, however, has hit political roadblocks. Tensions in Washington and allegations of insider benefits have slowed progress. Yusko also said that some officials are worried about how a large Bitcoin reserve might be managed or protected, citing risks like hacking or misuse.
Why Bitcoin Beats Gold and Fiat
Yusko didnโt hold back on his criticism of fiat currencies, calling them easily manipulated and a tool for wealth erosion through inflation. He sees Bitcoin as a superior form of money, one that operates independently of governments and provides protection against monetary debasement.
โGold replaced silver, silver replaced bronze and Bitcoin is now replacing gold. Itโs not that gold is bad; Bitcoin is just better,โ he added.
Governments Will Resist โ But Not Forever
Yusko was candid about why governments resist Bitcoin adoption. According to him, fiat systems give those in power the ability to print, spend, and benefit in ways that ordinary citizens cannot. โIt wonโt happen overnight, but all nation-states will migrate to Bitcoin eventually. Itโs the natural evolution of money,” he said.
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FAQs
It’s a legislative proposal for the U.S. government to strategically buy and hold Bitcoin as a financial reserve asset, similar to how it holds gold.
Bitcoin is viewed as a technologically superior form of sound money, offering better protection against inflation and government manipulation than gold or fiat.
Fiat currency systems grant governments significant power to print and control money, an ability they are often reluctant to cede to a decentralized network like Bitcoin.
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