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Max Keiser, a Bitcoin maximalist and former financial journalist, has offered advice to the U.S. government based on macroeconomic factors and the global financial landscape.

Risks of Losing Dollar Dominance

In a recent post on X, Keiser expressed concerns about the potential impact of shifting away from fiat currency dominance. He suggested that transitioning from the U.S. dollar to a Bitcoin standard could severely affect the country’s fiat status.

Such a shift might erode confidence in the U.S. dollar as individuals seek alternatives to the historically dominant currency. Keiser emphasized that this change could lead to a significant drop in demand for U.S. dollar reserves.

Keiser warned that this decline would primarily impact the United States due to its considerable debt burden, stating, "Fiat money imperialists die under a global Bitcoin standard."

He criticized the current monetary system, which relies on trust and government policy rather than physical assets like gold. His remarks on "debt imperialism" point to how the U.S. has used dollar-denominated debt as a means of economic control over other countries.

Russia’s Strategic Advantage

Nonetheless, Keiser believes that a global Bitcoin standard would undermine such influence. He notes that Bitcoin's fixed supply and decentralized nature restrict any country's ability to exert economic power through money printing or accumulating debt.

In this global context, Keiser views Russia as well-positioned for a potential shift to a Bitcoin standard. He argues that Russia holds less national debt than the U.S. or other Western nations, giving it a strategic edge and making it less susceptible to financial shocks.

Additional advantages for Russia include its vast energy resources, which could facilitate Bitcoin mining, a process that is becoming increasingly challenging. Furthermore, as a commodity-producing nation, Russia possesses assets with intrinsic value, aligning well with a Bitcoin-backed system.

This article was originally published on U.Today