The author of the article does not support the idea of the U.S. government acquiring Bitcoin and other cryptocurrencies as a global asset. They argue that a purchase should be authorized by Congress to ensure the policy remains in place for the long term. They also express concern about the potential impact on the dollar and Treasury markets, suggesting it may cause unease and increase rates. The author accuses some Bitcoiners of seeking a short-term pump in the market and believes that the U.S. government already benefits from Americans holding Bitcoin through tax realizations. They argue that there is no strategic use for Bitcoin and that including other cryptoassets in a reserve devalues Bitcoin's credibility. The author also questions the ideological evolution of the Bitcoin community and suggests that government involvement would make the asset subject to political cycles. Additionally, they raise concerns about potential conflicts of interest if Trump and his inner circle have ownership in cryptoassets. The author believes that using taxpayer dollars to speculate on cryptocurrencies could be seen as corrupt and jeopardize future progress and regulatory efforts.



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