US Senator Bernie Moreno expressed a preference for Bitcoin over gold as an investment option if he had spare money, despite not currently holding any cryptocurrency. Speaking on CNBC, Moreno emphasized the importance of viewing Bitcoin investments with a long-term perspective, acknowledging its volatility. He clarified that his lack of Bitcoin holdings is to avoid potential conflicts of interest.
Moreno also addressed concerns about stablecoins, dismissing the notion that they pose a threat to the US dollar. Instead, he argued that stablecoins could significantly boost demand for US Treasuries, potentially reducing national debt costs by hundreds of billions annually. He advocated for faster money movement to enable real-time wages and cautioned that failing to embrace this innovation could lead to a shift of technological advancements to other countries.
US Senator Bernie Moreno Favors Bitcoin Over Gold for Investment
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