Terra is building a Bitcoin reserve to defend its stablecoin pegs. This validates Bitcoin's position as a reserve asset in DeFi.Gold's merit as money in the past is compared to Bitcoin's material qualities. Bitcoin is better at displaying the qualities which have allowed gold to be money.This suggests Bitcoin could see adoption as a reserve asset, in the same way gold, foreign currencies, and other metals are reserve assets now. I explain how this could happen.Long Bitcoin exposure makes sense. There are many options, but given its high volatility, the allocation size should be carefully considered.
