Key Takeaways
- Anthony Pompliano declares a global Bitcoin arms race is underway.
- Bhutan and El Salvador are leading smaller nations in Bitcoin adoption.
- U.S. states like Pennsylvania are considering Bitcoin strategic reserves.
Investor and asset manager Anthony Pompliano claims a global “arms race” for Bitcoin has begun, with sovereign nations vying to secure the digital asset.
Speaking on Yahoo Finance, he urged officials at all levels to accumulate Bitcoin as a strategic reserve, arguing its scarcity makes it crucial for financial security.
Pompliano suggested that President-elect Trump could deliver on campaign promises to establish a Bitcoin reserve, warning that inaction could leave the U.S. behind other countries.
He stated:
Whether you are a local, state, or federal government official, you should be figuring out how to get as much Bitcoin onto the balance sheet as possible.
Smaller nations lead the way
Pompliano noted Bhutan and El Salvador are accumulating Bitcoin without the same risks faced by global powers.
Despite the U.S.’s economic dominance, he emphasized the low relative risk of Bitcoin adoption for the country.
Pompliano pointed out:
The national debt increased by $850 billion in the last 90 days. Allocating $50–100 billion to Bitcoin would be a small rounding error in government spending.
Domestic Bitcoin adoption on the rise
The race extends to U.S. states.
Florida’s CFO, Jimmy Patronis, is advocating for Bitcoin in state pension funds.
In November 2024, Pennsylvania lawmakers introduced a bill to allocate 10% of the state treasury’s assets to Bitcoin, signaling growing domestic interest in the asset as a strategic reserve.
