Max Keizera Bitcoin expert and former financial journalist, advises the US government. The recommendations come from macroeconomic factors and the global financial landscape.

Risks of losing dollar dominance

In a mail On X, Keyser's letter highlights his view regarding the potential impact of a shift away from fiat currency dominance. He noted that the transition from the US dollar to the Bitcoin standard could significantly impact the country's fiat currency.

Notably, this may erode confidence in the US dollar as people look for an alternative to the previously dominant currency. Keizer explained that such a development could lead to a significant reduction in demand for US dollar reserves.

One Bitcoin proponent said that this disadvantage will affect the United States due to its high debt burden. “Fiat money imperialists are dying under the global Bitcoin standard,” he says.

Keizer criticized the current monetary system, where the US dollar is backed by trust and government policy rather than by tangible assets such as... gold. Keyser's reference to "debt imperialism" suggests that the United States can issue dollar debt as a tool for economic control and global influence over other countries.

Russia's strategic advantage

However, Keizer asserts that under a global Bitcoin standard, such an effect could collapse. The main reason lies in the fixed supply of Bitcoin and its decentralized nature. This factor alone limits the ability of any country to exercise economic power through printing money or accumulating debt.

In the global space, Keizer believes that Russia is in a good position to transition to the Bitcoin standard. Russia is believed to have a lower national debt than the United States and other Western countries. This gives them an advantage, because they are less vulnerable to financial shocks.

Other factors tilting in Russia's favor include the country's abundant energy supply, which it can support Bitcoin miningwhich is becoming increasingly difficult. In addition, Russia, a commodity-producing country, has assets of intrinsic value, which fit well into a Bitcoin-backed system.