Historically speaking, the U.S. uses its influence over peer countries to adopt reserve assets that are in its financial interests. Notable examples include Britain’s return to the gold standard after WWI, the dollarization of the global financial system after WWII via Bretton Woods, and the Saudi-U.S. Petrodollar pact following the 1973 oil crisis. While U.S. gold reserves have stayed constant over recent decades, China has been slowly amassing its own National gold reserve. The inflows of gold are being driven by China’s significantly larger gold mining industry. U.S.’s tonnes of gold mined annually : 158.0 China’s tonnes of gold mined annually : 380.2 In contrast, BTC mining (and crypto as a whole) is a U.S. dominated industry. U.S.’s share of BTC hashrate : 37.84% China’s share of BTC hashrate : 21.11% Given the room for growth (i.e., BTC’s market cap is significantly lower than gold’s), the U.S. once again has a strategic imperative to wield its influence over peer countries in adopting a new reserve asset. A window exists for the U.S. to start beating the drum and front-run a BTC arms race.