A Crypto Reserve Fund is a bad idea

American Thinker ^ | 03/03/25 | Terry Johnson

[volare737]

Afraid this is a big step to a cashless economy.

[dp0622]

If the US had built a strategic crypto reserve 10 years ago, there would be no debt.

But hey, we spend our money so well, let’s not try something current and modern with a few bucks :)

[napscoordinator]

Trump seems to like the idea.

[central_va]

Wait until AI is used to “mine” new crypto currency. When that happens the value wil approach zero.

[Vermont Lt]

Why crypto and not stocks?

Because an asset like Bitcoin is not controlled by a country. It is a commodity, as is gold or oil.

In terms of other cryptos…most of them are trash. Trump made a billion off of his meme coin right before taking office. That was pretty much the definition of a scam coin.

In general, the public doesn’t understand crypto currencies. Stick with the ones that are boring…and that don’t serve a person, or business, or country.

[wny]

Bitcoin is not a commodity. It has no intrinsic value whatsoever. You can hold a commodity in your hand.

[teeman8r]

something is only worth what someone else will give you for it.

[delta7]

If the US had built a strategic crypto reserve 10 years ago
—————
If the US had built a strategic US stock and equities( DOW) reserve 10 years ago, debt would be negligible. Trading stocks and equities has been around hundreds of years, crypto nothing of substance, stability or value, as we are witnessing with Bitcoin’s erratic behavior.

“ Money” is to be stable, not a roller coaster. There is a reason ALL the world’s Central Banks ( the BIG money) are buying Gold in historic amounts- they aren’t buying Bitcoin and in fact are prohibited from doing so.

[discostu]

It depends. If you’re one of the billionaire class that holds much of the crypto out there, so you’re probably going to be selling to the government, at a premium, a crypto reserve is awesome.

[discostu]

Nah, the government would have bet wrong, overpaid, sold in ditch. And reserves don’t actually pay anything, they’re reserve.

[9YearLurker]

Yep.

[aMorePerfectUnion]

(((CRYPTO PING!)))

If you would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

[Buckeye Battle Cry]

The article misses the point. The reserve is intended to create a store of value and utility.

Blockchain and de-centralized finances (read: NO Federal Reserve monopoly) are a wave that cannot be pushed back into the ocean. As such, Trump is securing a seat at the table for the federal government.

The SWIFT system on international funds transfers is about to undergo a radical and sweeping change. Three of the five cryptos Trump has identified are utility based in secure financial transactions and are United States based. Just as the U.S. Dollar is the “coin of the realm” as the financial industry evolves and explodes, Trump wants U.S. based crypto utilities to be the preferred track the world runs on.

The crypto revolution is similar to the advent of thee internet and email. It’s like 1993 when only a few people understood the “worldwide web” and the concept of e-mail and how it would impact allow us and change our lives. It will be a part of our financial lives as an everyday item (point of payment, store of value, de-centralized transactions, etc.) in a few short years. Trump is positioning the U.S. to be a primary player.

The WEF, Federal Reserve Bank and liberals all hate crypto and the Biden administration was aggressively hostile against the entire industry. Why? Because crypto and the security of blockchain eliminates their centralized monopoly control on money and the economy. Without that control they risk losing power.

[delta7]

The crypto revolution is similar to the advent of thee internet and email
————
Many see it as the Dutch Tulip fad. They say the older generation doesn’t get it, and we don’t. Crypto didn’t help the Florida hurricane victims, not the NC disaster, lose your computer, your password, electricity, no “ money”. it’s viewed as a Ponzi scheme by many.

With the advent of super AI computers, hacking is another concern we saw last week.

https://www.cnn.com/2025/02/24/politics/north-korean-hackers-crypto-hack/index.html

“North Korean hackers steal record $1.5 billion in single crypto hack, security firm says….”

Good luck, us older and wiser simply will never buy into it. Ever.

[Vermont Lt]

You may think that. And that is fine. But governments and a lot of banks disagree. And what they think matters.

[Miami Rebel]

“If the US had built a strategic crypto reserve 10 years ago, there would be no debt.”

And if the US Treasury had bet on the Eagles we’d have slashed our debt in half.

What does rear-view speculation have to do with federal poliy?

[dp0622]

I’m surprised I made that statement. I must have been hyper :)

Reserves can’t be tapped for sale if they go up a whole, whole lot??

Not even in a government financial emergency?

I have no clue so i’m asking :)

[discostu]

Important part CAN BE tapped. Doesn’t necessarily mean they will be. Nor does it mean if they are they’d be tapped in a way that’s at all useful.

[dp0622]

Good points :)