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2025-05-28 17:14:29

Fred Thiel: The United States is obliged to actively replenish the bitcoin reserve

Fred Thiel: The United States is obliged to actively replenish the bitcoin reserve

As part of a panel discussion at The Bitcoin Conference 2025, Fred Thiel said that the US government is obliged to replenish the reserve in the first cryptocurrency, otherwise its creation makes no sense.

"I think this is very important. The US claim that we will have a strategic reserve will be an empty statement if you do not start investing real funds in it. We have a surplus in hydropower. And if the U.S. gets into this bitcoin mining business, which is already happening, since the president has announced such an intention, it will be even better than buying the asset on the side," Thiel said.

According to the businessman, the bitcoin reserve can be called a lever of influence in the global financial market, as well as the strategic reserves of gold and oil.

"Why do we need an oil reserve? To influence prices. Why do you need a gold one? The dollar is backed by gold, the reserve is needed in order to protect it. The strategic bitcoin reserve, in turn, does two things - it shows that this asset is important to the United States, and it gives leverage," the head of MARA added.

Thiel believes that there is still time to develop a full-fledged strategy to replenish the bitcoin reserve, before other countries surpass the United States in this matter.

Earlier, the founder of the Onramp Bitcoin financial fund and an expert at Moon, Jesse Myers, said that by 2045, companies with reserves in bitcoins will hold 50% of the total volume of the first cryptocurrency.

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