Economists and crypto fans alike question Trump's plan to create a 'crypto strategic reserve' that would include Bitcoin and Ethereum.
that he would create a national crypto strategic reserve. Trump wrote on Truth Social that a working group would “move forward” on facilitating the strategic federal purchases of Bitcoin, Ethereum, and three other smaller cryptocurrencies.
Some Bitcoiners also believe that a reserve could serve as a hedge against inflation. They point to the fact that the dollar has gotten less valuable over time, and argue that Bitcoin’s value could be stronger than the dollar’s during global economic crises.that “We should be doing everything we can to keep our fiscal house in order in dollar terms, which means cutting the deficit and future expenditures to a sustainable path, not trying to YOLO into an asset that benefits from dollar decline.
Cecchetti likened the ploy to a homeowner running up their credit card to gamble in the hopes of paying off their mortgage faster. He also argues that using U.S. debt to buy a large amount of crypto would “increase the likelihood that credit rating agencies would downgrade the U.S., increasing the cost of borrowing.”
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