If Bitcoin becomes a strategic reserve asset, the award will mark the end of the Fed’s leadership in global monetary policy

On November 18th, Christian Catalini, co-founder and chief strategy officer of Lightspark and founder of the MIT Cryptoeconomics Lab (who was also a co-founder of the failed Diem/Libra project), shared his views on US debt, the proposal for a Bitcoin strategic reserve, and the call to replace Federal Reserve Chairman Powell. Catalini believes that although there is some false advertising in the market, the United States is not actually on the brink of a debt crisis. From a more macro perspective, debt has been accumulated around the world, especially after the global financial crisis in 2008. While this does not mean that excessive debt is a good thing, it is a common problem that almost every country must solve in some way. However, if Powell is impeached in January next year, it will damage the institutional credibility of the SEC and weaken the US dollar, which will raise doubts about the market's ability to maintain debt. If Bitcoin really becomes a strategic reserve asset in the future, this may mark the "end of the Federal Reserve's leadership position in global monetary policy."