Odaily News Asset manager and investor Anthony Pompliano recently stated that a global Bitcoin "arms race" between sovereign nations and governments has begun. Pompliano stated on Yahoo Finance that market participants believe that President-elect Trump will keep his campaign promise to build a strategic reserve of Bitcoin, and that doing so is in the best interest of the United States to prevent being "preempted by other countries." Pompliano asserted: "There is a global race for Bitcoin right now. Whether you are a local, state or federal government official, you should find a way to get as much Bitcoin as possible on your balance sheet. It's not like gold, where we can dig more out of the ground." He explained that the race to adopt Bitcoin is mainly driven by currency devaluation, noting that U.S. residents have lost about 25% of their purchasing power in the past five years. (Cointelegraph)