One might think that almost all Bitcoins would be delighted with the concept of the American government which acquires the BTC (and perhaps a basket of other crypto-ajust) and to ratify it effectively as a global asset of consequence. However, I am among the few holputs that do not consider development to be positive for Bitcoin or the American government itself. Here are eight reasons why I do not support politics.
What is easily done is easily canceled
If Bitcoins want a hard reserve, they should want Trump to request the authorization of the Congress for a purchase (as is usual for any large expense). If it is done only by Executive Fiat, the next administration will not feel linked by politics and could reverse it trivially (and the market in the process). If bitcoins sincerely believe that it benefits the United States to acquire bitcoin and to hold it for a long time, then they would have no problem insisting that the government adopts a law authorizing spending on the reserve, rather than making Trump promulgated the policy unilaterally.
The fact that many bitcoiners hope that Trump will do the policy without asking for the approval of the Congress shows that they are pursuing a short-term pump, rather than being really sincere on the long-term value of the reserve for the United States, a future democratic administration will have no qualms about deactivating the reserve immediately.
The global reserve transmitter must not disrupt
The United States is the transmitter of the global reserve currency. We still do not know how the crypto reserve will be positioned – as a simple investment fund, or something more inherent in the dollar, as a new currency system based on basic products like the old gold stallion.
If the crypto reserve is envisaged as providing new support for the dollar, I think that will cause significant discomfort in the dollar and treasure markets. Indeed, the government will indicate that it thinks that it no longer has confidence in the dollar system as it currently exists, and a radical change is necessary. I imagine that this would lead to an increase in already high rates, while the market begins to wonder if the United States is considering a defect on its debt. The government is expected to focus on strengthening the faith of investors in its ability to maintain its debt obligations by pursuing pro-commune policies and reduction of the deficit, not playing with the entire structure of the dollar system.
Many Bitcoins do not buy this reasoning and just want to speed up the collapse of the dollar. I consider this as a kind of financial terrorism. I do not believe in financial acceleration and I do not think that Bitcoin – or any other cryptocurrency – is ready to serve as support for a new standard of goods for the dollar.
The United States already has a lot of exposure to Bitcoin
American funds and individuals have more bitcoin than citizens of any other country on the planet – almost certainly by a great margin. The American government already benefits from this state of affairs. When Bitcoin increases, Americans who make their gains have taxes in government – 20% or 40% of their earnings depending on the duration of their position.
This is a significant point not to neglect. The United States is already taking advantage of it when Bitcoin increases, through tax achievements – more than any other country. In light of this, do we really need to choose a massive fight and insist that the American government wins direct The exhibition of these assets too? No one is pressure for the US government to acquire Apple or Nvidia shares. Why Bitcoin?
There is no “strategic” value in a cryptographic reserve
Generally, assets and raw materials that the United States acquire in government are things that may be necessary in pinching and must be accumulated in advance. The oil reserve is a good example, because oil is clearly an essential goods, and in a crisis, we may not be able to acquire all the oil we need.
We also maintain reservations of other types of strategic assets, such as medical supplies and equipment, minerals of rare earths, helium, metals such as uranium and tungsten and agricultural products. These all have a clear and obvious objective: to create a reserve which can be immersed in an emergency period.
We also store FX Foreign, in case we have to do interventions in money markets, although these interventions are increasingly rare. There is no obvious strategic use for Bitcoin (and certainly not Cardano or Ripple). Ordinary Americans do not need a “supply” of Bitcoin or any other cryptocurrency to support their quality of life. This could change if the entire financial system works on a blockchain and that we need gas tokens (the only analogous “industrial” use that I could think), but it is not the play of play today. The only “strategic” use for Bitcoin is simply “long” to an asset in the state level and selling later, but you could do this with any other financial element.
Of course, if you will finally support the dollar with Bitcoin in a kind of Neo Gold standard, then it would have strategic use (in which case you must refer to point 2). But I don’t think it’s intention right now.
A crypto reserve dilutes the Bitcoin value proposal
Mix the bitcoin with rival cryptocurrencies Ethereum, Cardano, Solana and XRP and all giving them an equal government Printur Devalue Bitcoin and makes it undifferentiated from these assets. Bitcoin is the only one in the group with a credible supply calendar and real decentralization in the protocol. A crypto reserve confuses the problem and devalues bitcoin in the eyes of the public. Bitcoins in principle should put pressure for an all or nothing approach; Either just bitcoin or no reserve.
Bitcoin does not need the government
I wonder what the first libertarian bitcoiners from 2012 to 2016 would think of 2025 bitcuers pushing for the government to support the value of their documents. Beyond the confusing ideological evolution that the Bitcoin community has suffered, another point remains. Bitcoin was one of the most efficient investments in history, monetizing nothing in 2009/10 to billions of dollars of overall value in 2025. He did all this without government support, and, in fact, in many cases, despite the manifest hostility of powerful nation states. A crypto reserve would transform bitcoin of an apolitical asset at the game of the government, subject to the political cycles of Washington. Bitcoingers were never one to get their cart at the government, and they shouldn’t start now.
This would return the Americans against the bitcoins
Only a fraction (somewhere between 5 and 20%) of Americans has a bitcoin, and even less possession of other cryptocurrency. Many bitcoins are extremely rich due to their historic investments in the room and others. At a time when public spending is under the microscope, using taxpayers’ dollars – whatever the mechanics they are distributed – to strengthen the price of bitcoin and other cryptocurrency will be politically unpopular. The amnesty of the student loan offered by Biden has encountered great resistance, despite an application potentially to 43 million borrowers. Bitcoins are a smaller group and even less needing government financial support. This policy would undoubtedly lead to an unnecessary reaction in a broader society against the cryptographic community.
It looks interested
It is not a secret for anyone that Trump and his cabinet and his inner circle own in various cryptocurrency. Trump himself has launched or is affiliated with: an NFT project built on ETH, more than one same built on Solana and, of course, World Liberty Financial which contains a range of cryptographic assets. What we need Trump is a reasonable crypto policy, and on the basis of his appointments in Treasury, Commerce, Dry, CFTC, OC and others, it seems that he delivers this.
However, the use of government resources to directly increase the value of the parts that Trump (and many in his inner circle) is a sour taste. Most of us in cryptographic industry have simply asked for reasonable policies and fair road rules so that we can do business in the United States, Trump offers much further than that and using taxpayers to speculate on the parts themselves, potentially enriching himself and his associates.
To Trump’s criticism, it seems corrupt. This also makes the rest of the pro-Crypto efforts and Trump’s regulatory efforts to Trump, rather than letting him stand alone as a good policy. A future administration could choose to throw the baby with the bath water, reversing all the progress that the United States has made on the crypto. The existence of the reserve gives future regressive efforts an easy moral justification.
