The article discusses the question of whether Donald Trump will fulfill his promise of creating a strategic Bitcoin reserve for the United States as Bitcoin surpasses $100,000 for the first time in history. Former New York FED President Bill Dudley argues against this proposal, stating that it could harm the interests of the public and change the status of the dollar as the global reserve currency. Dudley believes that Bitcoin is a weak asset due to its price volatility, lack of widespread acceptance as payment, and slow and expensive transaction process. He also points out the risk of individuals losing access to their Bitcoin holdings and the fact that Bitcoin does not generate income. Dudley suggests that instead of creating a Bitcoin reserve, the incoming Trump administration should focus on developing comprehensive regulations to support the safe growth of the crypto industry.



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