An AI generated image of John Nash holding an American flag.

America will NEVER “reserve” bitcoins in its Treasury.

Further to recent strategy announcements by Robert F Kennedy Jr., and Donald Trump on bitcoins as United States economic policy which form part of their election campaigns:

1. Bitcoin is like gold, in that there’s a mining process — bitcoins however have no obvious non-monetary usefulness like teeth fillings or jewellery or computer chips do. So why would the worlds’ largest fiat Treasury admit its own monetary standard needs the help of bitcoins? Bitcoins aren’t consumables to be measured in a basket of traditional consumables or commodities.
2. The US dollar has devalued against the value of a bitcoin since the inception of Bitcoin — why would the US want to make dollar devaluation a formal policy? The US$ would become exposed on a global basis.
3. The bitcoins the US hold are a result of confiscation from proceeds of crime — that’s why they sell them: they’re legally obligated to. If they don’t sell the coins, they’re effectively admitting their finances are influenced by criminal assets. If this were the case, they might as well hodl all the cocaine and guns they’ve also seized because they’re potentially representing appreciative monetary value.
4. Trump and RFK are understanding bitcoins as a macroeconomic influence and not microeconomic. It should be enough for them to just regard bitcoins as something of an individual choice (take or leave them) regarding preference or taste and not something bestowed to the wider electorate. It smacks of vote desperation and ignorance.
5. The reaction of the average “bitcoiner” to all this and the general Nashville conference shenanigans is embarrassing and all of this might cost Trump the election rather than win it — the irony!