@eilken
Bitcoin increasingly appeals to states and sovereign entities seeking alternatives to traditional reserves. Its neutrality, scarcity, and portability offer unique advantages in a polarized global system. For sanctioned or dollar-averse actors, BTC represents optionality outside Western-controlled rails. Yet its volatility and limited liquidity constrain adoption. Even partial reserve allocation, however, legitimizes BTC as more than speculation—it becomes geopolitical infrastructure. For investors, sovereign adoption introduces a new demand curve, less speculative and more strategic. BTC as reserve asset redefines its role in global finance.
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