Bitcoin: The chosen treasure amount to leave Trump’s plan

Washington blows the wind. The legislature attacks the initiative of Donald Trump to create a strategic reserve of bitcoins and other cryptocurrencies. This project is not a visionary progress for him: it is rather a dubious maneuver, built on unstable soil, where private interests and public funds intertwine.

Bitcoin reserve, but for whom?

The Donald Trump project, announced by the great strengthening of stormy statements, sets the Bitcoin National Reserve.

Official target? Send the position of the United States in the digital active market and guarantee the strategic share of cryptos.

But for the legislators for this challenge it is primarily a smoke screen, which is to serve the financial interests of Trump and its relatives.

There is a raw reality behind this project. According to criticism, this reserve would not benefit either the country’s economic stability or for American citizens.

Rather, it would provide financial unexpected investors that have already been on the Bitcoins market, including influential Republican donors. A decision that looks more of a political kindness than a strict economic strategy.

A risky maneuver under the fire of criticism

In addition to suspicion of personal interests, the creation of a bitcoin reserve is a real problem of monetary administration.

If the United States decides to assign public funds to a crypto purchase, it works directly on a notorious and unpredictable market.

A member of the federal reserve system would already qualify this idea ” Greater cash absurdity never expected”

An opinion shared by many economists who are afraid that this initiative exhibits public finances by reckless risks. Because, unlike gold, the historical reserves of nations, Bitcoin does not offer any stability guarantee and its price can collapse on the simple tweet Elon Musk or sudden Chinese regulation.

Therefore, the legislature on the origin of this sling calls the treasure to retreat before it is too late. It points to the lack of congress consultations and the overall absence of transparency around this project and demanded that the Ministry of Finance leave this initiative immediately.

The battle is just starting. The opposition towards this bitcoin reserve is intensified and the decisive debate on the future of cryptocurrencies in state policy is intensified. Financial revolution or opportunistic drift? One thing is for sure: this case is far from over. Meanwhile, in Russia, the central bank wants to structure the crypto market.

Evans S.

Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.