Trump Reveals U.S. 'Crypto Reserve'

What a terrible idea. There is nothing “strategic” about this.

> There is nothing “strategic” about this.

It’s strategic for the administration to throw a bone to the crypto bros who supported its candidacy. It may not be strategic for the United States.

It's strategic in the sense of payback to the cryptobros who helped get him elected. Also, his VP is a cryptobro.

Does it make sense from any other rational perspective? Of course not. It's totally about payback.

This is lighting your hard earned tax dollars on fire - and everyone on this forum knows who is benefiting from it. The only surprise is the presidents personal shitcoin isn't included in the basket.

Earlier: https://news.ycombinator.com/item?id=43233455

Another fresh angle to loot the treasury and exploit suckers for profit.