Bitcoin and Stablecoins to Become Key to U.S. Financial Strategy: MOVE Co-founder Cooper Scanlon

# U.S. Government to Include Bitcoin in Sovereign Wealth Reserve, Analysts Say Digital Assets Will Play Critical Role in Financial Strategy The U.S. government's recent announcement to include Bitcoin in its Sovereign Wealth Reserve has sparked significant analysis, predicting that Bitcoin and stablecoins will become essential components of America's financial strategy. Cooper Scanlon, co-founder of Movement Labs, shared his insights on The Watchlist by Schwab Network, where he dissected Bitcoin's market volatility, government digital asset policies, and the impact of stablecoins on maintaining the U.S. financial dominance. # Bitcoin Volatility: Positive Long-Term Outlook Despite Short-Term Adjustments Cooper Scanlon discussed the recent surge and subsequent adjustment in Bitcoin prices, stating, “The news of Bitcoin's inclusion in the U.S. Sovereign Wealth Reserve led to a sharp price increase, but short-term consumer confidence and economic realities caused a market correction." However, he emphasized that "Bitcoin's market position is stronger than ever in the long term, with growing institutional interest." He noted that Bitcoin remains at the center of the digital asset market, and the shifting perception among institutional investors will further accelerate its market growth. # U.S. Regulation and Changes in the Digital Asset Market Scanlon highlighted that discussions at the recent Digital Asset Summit focused on stablecoin regulation and market structure improvement. “U.S. government regulation of the cryptocurrency industry is not about stifling innovation but protecting the market and fostering a more mature environment,” he explained. He particularly stressed the significant role stablecoins will play in the global financial market. “Stablecoins are the simplest yet most effective means to maintain the global dominance of the U.S. dollar. In emerging markets like Nigeria, Turkey, South Korea, Vietnam, and Thailand, many people are already using stablecoins to hold dollars, thereby hedging against financial market volatility,” he observed. Scanlon predicted that building a financial system leveraging stablecoins would be a crucial strategy in enhancing America's economic advantages. # Bitcoin and Stablecoins: Pillars of U.S. Financial Supremacy Scanlon asserted that incorporating Bitcoin into the Sovereign Wealth Reserve and actively managing the stablecoin market would be key elements in maintaining U.S. financial supremacy. “Onboarding emerging markets into the digital financial system through stablecoins is pivotal,” he emphasized, adding that this would allow the U.S. to play a more vital role in the global economy. He also warned, “If the U.S. does not lead the digital asset market, China or other competing nations will step in. The U.S. must solidify its leadership in the global financial market by utilizing stablecoins and Bitcoin.” # Potential Expansion of the Bitcoin DeFi Market Finally, Scanlon explained the expanding functions of major blockchain networks like Bitcoin, Ethereum, and Solana, which are collectively moving towards financial system innovation. “The combination of Bitcoin and DeFi (Decentralized Finance) is an inevitable trend, with the potential to replace traditional financial systems. As institutional investors actively participate, the use cases for Bitcoin will broaden even further,” he projected. Through this interview, Cooper Scanlon underscored the pivotal role that Bitcoin and stablecoins will play in America's financial strategy. He also indicated that regulatory measures and market structural improvements would be critical factors in fostering the growth of the digital asset market.