President Trump has signed an executive order to establish a 'Strategic Bitcoin Reserve' and a 'Digital Asset Stockpile' aimed at engaging with cryptocurrencies. While the order suggests this move could promote economic growth and technological leadership, critics argue crypto's volatility and speculative nature question its practicality as a national reserve. Unlike traditional reserves, crypto lacks essential societal functions, making the initiative appear more about rebranding existing assets rather than creating genuine strategic value. Overall, many view the reserve’s conception as excess and unnecessary for real economic utility in the US.
Donald Trump signed an executive order creating a "Strategic Bitcoin Reserve," marking his interest in cryptocurrency as a new form of economic engagement.
The purpose behind the reserve, according to a White House fact sheet, is to help drive economic growth and technological leadership, but practical use remains questionable.
Unlike essential commodities, crypto lacks core societal functions and is characterized by volatility, raising doubts about the usefulness of a government stockpile.
Critics suggest that labeling it a reserve is misleading, as it simply accounts for existing crypto assets seized by the government over time.
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