Perianne Boring, founder and CEO of the Chamber of Digital Commerce, believes that Bitcoin can be integrated into the US financial system to strengthen the dollar rather than compete with it.
Speaking in a panel discussion with Roundtable host Rob Nelson and crypto commentator Wendy O, Boring noted that the top national security goal for the US should be protecting the dominance of the dollar while leveraging Bitcoin’s strengths.
“It is a complex topic,” Boring said. "But I do believe Bitcoin can strengthen the US dollar, and the number one national security goal should always be to protect dollar dominance. We are the world reserve currency globally. Because of that, all Americans have what’s called exorbitant privilege. It allows us to live in the most prosperous country in the world.”
Boring stressed that maintaining financial dominance is critical to preserving the American way of life. She pointed to various proposals from policymakers, including former President Donald Trump’s idea for a strategic Bitcoin stockpile and Robert F. Kennedy Jr.’s proposal for a Bitcoin reserve and Bitcoin-backed bonds.
“If we lose [financial dominance], our way of life will change forever,” Boring warned. “How do we extend that [to] the next generation? How do we extend that for another 100 years? Taking the best-performing asset in the world, which is Bitcoin, and putting it behind the dollar — I think that’s how we do that.”
Crypto influencer Wendy O also echoed Boring’s sentiments, stating that Bitcoin can coexist with the US financial system as another tool for financial freedom.
"I do really think that Bitcoin can essentially operate and live in harmony with the US dollar," Wendy O said. “It’s just a different financial asset, just like cash, gold, and silver—all of this can coexist in a beautiful manner.”
‘Dangerous to say Bitcoin competes with the dollar’ — Boring
She dismissed the idea that Bitcoin and the dollar are in direct competition, arguing that Bitcoin and fiat currencies have coexisted for years.
“It’s kind of a dangerous conversation to say Bitcoin competes with the dollar. I don’t think that’s a helpful conversation to have because I don’t think that’s the case,” Boring said. “If we get this right from a policy perspective, we can strengthen the dollar and ensure our financial dominance for the next generation of Americans.”
During the discussion, Nelson noted that former President Donald Trump was initially skeptical of Bitcoin but later reconsidered after speaking with Bitcoin Magazine’s David Bailey.
Trump reportedly asked Bailey whether Bitcoin would harm the dollar. When Bailey responded that it might, but that the US should still acquire more Bitcoin than China, Trump agreed, saying, “Good point. We should have more. We need the Fort Knox.”
