The US government’s consideration of establishing a strategic reserve dedicated to Bitcoin has sparked concerns about its legitimacy. The proposal, reportedly discussed by President-elect Donald Trump, would involve allocating funds to acquire and store Bitcoin. However, critics argue that this plan is a potential scam that would enrich existing Bitcoin holders at the public’s expense.
The idea was boosted by significant donations from crypto advocates to Trump’s campaign and those of successful congressional campaigns. Despite these efforts, experts believe that the benefits of such a reserve are not substantial enough to justify the risks involved. The details of the proposal are crucial in determining its viability.
Source: https://www.bloomberg.com/opinion/articles/2024-12-09/donald-trump-s-bitcoin-reserve-would-rip-off-taxpayers