Compared to BTC and ETH, BNB is actually more suitable as an asset for US listed companies and a strategic reserve for the country, as BNB holders can enjoy cash flow returns, which may bring different gameplay. I have analyzed the advantages, disadvantages, and specific models of the three as strategic reserves, which may give rise to new models in the US stock market. The position of BTC as digital gold is unshakable, coupled with perpetual motion micro strategies constantly injecting blood into BTC, and El Salvador and the United States using BTC as important strategic reserves. Advantages: 🔸 Strong value consensus: The most widely recognized cryptocurrency asset globally, with strong brand and network effects. 🔸 Scarcity guarantee value: The supply of 21 million hardtops gives it natural anti inflation properties. 🔸 Market depth and liquidity are optimal: it has the largest trading market and the highest liquidity, making it easy to buy and sell large amounts. inferiority: 🔹 Non interest bearing assets: Holding BTC itself does not generate cash flow. 🔹 Intense price fluctuations: As a highly volatile asset, its value may experience a significant pullback in the short term. ETH, on the other hand, is the second most valuable cryptocurrency by market capitalization and the only one to be traded through spot ETFs on the US stock market. With the addition of a staking income, it can provide a certain amount of cash flow, similar to a stock increase model. The headache is that ETH's own growth cannot offset inflation. Advantages: 🔸 Powerful ecosystem: DeFi, NFT, GameFi and other applications are mostly built on top of Ethereum, with significant network effects. 🔸 Ability to generate interest: The Staking mechanism provides holders with sustained passive income. inferiority: 🔹 The yield is relatively unstable: the pledge yield is influenced by the total amount of pledges and the activity of online transactions, and is not fixed. 🔹 Technological barrier moat: The continuous iteration of underlying technologies also brings potential risks. BNB ranks fourth in market value and is Bhutan's national strategic reserve asset. Binance has also received a $2 billion strategic investment from the United Arab Emirates. Binance's profit model has clear benchmarks in the US stock market, with Binance, Coinbase, and RobinHood being recognized as the three future financial giants with valuations in the billions of dollars. BNB differs from ETH in that it can provide stable dividends and cash flow returns, such as Alpha airdrops launchpool、 Wealth management, megadrop, HODLER airdrop, etc. generate 5-10% annual returns. ➤ New ideas for BNB as a reserve asset for enterprises The reason why companies like SBET in the US stock market cannot become the next micro strategy is that the company's foundation is too poor, with no cash flow income at all. Micro strategies generate at least $100 million in revenue every quarter, making it difficult to emulate the micro strategy model 1. Obtaining basic cash flow: Allocating a portion of the company's reserve assets to BNB can generate a relatively substantial and sustained cash flow. 2. Refinancing based on cash flow: Cash flow can improve a company's financial statements, enhance its credit rating, and thus issue corporate bonds for it. 3. Building a positive cycle: The funds obtained through refinancing can further purchase more BNB or other assets, forming a positive cycle of "holding interest bearing assets ->generating cash flow ->improving credit ->expanding financing ->increasing holdings of assets". In theory, this model is more attractive than simply holding ETH to seek pledge income, because BNB has more "dividend" forms and higher potential return, especially in the active period of new project issuance. Advantages: 🔸 Healthier cash flow, no inflation increase: Rich sources of income, not limited to pledging, but also including sharing the dividends of the exchange's ecological development. Different from ETH's issuance, inflation dilutes existing equity 🔸 The profit model is more certain, with a valuation of billions of dollars: BNB's value is directly related to the world's leading cryptocurrency financial platform Binance, and its business model is clear, benchmarking against companies with a market value of billions of dollars in the US stock market such as Coinbase and Robinwood. inferiority: 🔹 Centralization risk: The value of BNB is highly dependent on the operational status and reputation of the Binance platform. 🔹 Dividend uncertainty: The returns of activities such as Launchpool are directly linked to market heat, the quality and quantity of new projects, and are not fixed dividends. Even bear markets may face a decline in returns.