I can’t think of any. The current oil reserve is supposed to be used in the case of another oil embargo. But its actual use is to lower gas prices when the administration in power needs a political win.

I actually think the purpose of a Bitcoin reserve is to temporarily increase the price so tech-bros (re: Elon) can sell at a massive profit. Then buy back at a much lower price. It’s just a way to indirectly transfer federal dollars into administration pockets.

I can’t find any reason for the government to buy crypto and hold it in reserve.

  • Ziggurat@sh.itjust.works
    161·
    6 days ago

    No, Please tell me it’s not in Elon playbook ?

    US money is incredibly strong, so US$ is way more interesting.

    15 years after it’s creation the bitcoin failed to meet the expectation of being a usable money or even “way to pay”