Trump's Crypto Strategic Reserve: A Risky Gamble

The Trump administration's plan to establish a "crypto strategic reserve" has sparked major controversy. While initially boosting crypto prices, the proposal carries significant risks. Government purchases of crypto would represent a massive wealth transfer from taxpayers to crypto holders, particularly concerning during fiscal austerity. Furthermore, the plan lacks strategic merit; cryptocurrencies offer no practical value to the US economy or government operations, potentially undermining the dollar's credibility and fostering corruption. Essentially, it's a government-backed gamble on speculative assets.