Trump’s call for a bitcoin strategic reserve is a very bad idea – Ep 231
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At the end of July, Donald Trump went full Bitcoin. He wants the US to become a “Bitcoin superpower”; he promised to build a Bitcoin strategic reserve.
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The post Trump’s call for a bitcoin strategic reserve is a very bad idea – Ep 231 appeared first on The Intellectual Investor.
United States
The US is not a democracy. Our politicians through their actions of weaponization and devaluation of the USD, have literally invited nations to hedge or completely abandon it as world reserve. There a number of nations in some process of exiting the dollar. This inevitable fall from grace (and value) has nothing to do with Bitcoin and a reserve likely wouldn't hasten the process. More benefits of a reserve could be derived, as well as the possible pitfalls you address with some left unsaid.