If you have a lot of something, and you can get the government to buy a lot of it, that's very good for you.
Bitcoin at this point is probably running out of retail rubes to buy it to keep the price going and the tether ponzi will eventually break if there isn't new money flowing into the system. Getting the government to buy and hold it would be an amazing coup and let current holders of bitcoin profit handsomely at the expense of the rest of society.
It makes no sense in terms of economics, foreign policy, monetary policy, etc. But it makes a ton of sense in terms of "How can I extract the maximum amount of wealth from the public using my political power".
You should definitely know what your government might be involved in, after all government is made up of people many of whom are bitcoiners. Here is a report that's a good primer: "Digital Gold: Evaluating a Strategic Bitcoin Reserve for the United States" https://www.btcpolicy.org/articles/digital-gold-evaluating-a...
Here's the "Strengthening American Leadership In Digital Financial Technology" executive order that discusses policy direction in the context of cryptocurrency: https://www.whitehouse.gov/presidential-actions/2025/01/stre...
So you'd argue that the stock market is a scam too, since people use stocks not as a "what a company is worth" but as a investment they expect to gain in value, and they try to push narratives to support that?
Bitcoin lacks anything resembling intrinsic value. The intrinsic value of a Coca-Cola share is that you will receive a part of the profit of the company.
As for removing control of the supply from government - that is exactly the point: https://x.com/KenOKeefe1TJP/status/1875962999195816261
Which guarantees that it is useless as a currency. The other thing that guarantees that, is that Bitcoin is very bad at being a currency.