US National Security Strategy Highlights Benefits and Drawbacks of Digital Currencies

The latest article was penned by Matt Smith, professor of aerospace studies at the University of Nebraska Lincoln in Bitcoin Magazine. The article reads into the observations published in the version of the National Security Strategy or NSS. The article talks about the increasing pressure on the USD to be dethroned as the international currency of exchange.

There is also the mention of increasing traction around digital currencies and decreasing value of the hard assets and real valuables. As per the article, the central governments will not work to ban Bitcoin but rather compete against each other to acquire it.

The article also suggested that the countries with greater reserves of Bitcoin will enjoy greater political power and economic supremacy over others.


Bitcoin Revolution is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. 


Economic Supremacy

As per Smith, the NSS contains the scope of retaining the economic supremacy of the USA and working on solutions to tackle its international challenges. The document created by the executive branch of the White House works as a guide for Congress.

The charter seeks to maintain its tenets of freedom and democratic values. At the same time, promises to protect the interests of the US citizens.

It seems that the USA has considered all options and possibilities when it comes to the outcome of the increasing influences of digital currencies. The Trade and Economics section of the NSS maintains that projects like Digital Dollar are going to ensure privacy, stability, and security for its users.

Bitcoin which has been formerly dismissed is now too big to ignore and NSS has shed some light on its impact on US economic development.

Professor Smith has suggested that Bitcoin is compliant with the requirements of economic development that are mentioned in the NSS. He writes that Bitcoin is one of the most secure ways of monetary exchange.

More companies and individuals are working on paying their loans in the form of Bitcoin instead of paper money.

He also believes that Bitcoin is no longer viewed as a national security threat on the government scale. He further pointed out that ignoring Bitcoin can result in pushing back the economic development of the USA.

In the end, he concludes his review of NSS by postulating that the exclusion of Bitcoin is the real national security threat to the US government.


start trading

Best Forex World is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (not all) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.


Previous post Crypto Capital Founder Dan Gambardella Says Cardano (ADA) will be the Top Altcoin in 2023
Next post TradeVision365 Review – Is TradeVision365 Scam or a Good Broker?