One might think that almost all Bitcoiners would be excited about the notion that the US government acquires BTC (and perhaps a basket with other cryptoassets) and effectively ratify it as a global impact active. However, I count myself among the few teams that do not see the development as positive for neither Bitcoin nor the US government itself. Here are eight reasons why I do not support the policy.

What is easily done is easy to be undone

If Bitcoiners want a reserve to last, they must have Trump seek Congress permission for a purchase (as is the usual of any large outlay). If it is done exclusively by Executive Fiat, the next administration will not feel bound by the policy and can trivially turn it (and nuke the market in the process). If Bitcoiner’s sincerely believes it benefits the United States to acquire Bitcoin and keep it for a long period of time, they would have no problem insisting that the government adopts a law authorizing the cost of the reserve, rather than having Trump adopt the policy one -sided.

The fact that many Bitcoiners hope that Trump will produce the policy without asking Congress for approval showing that they are chasing a short -lived pump, rather than being sincere to the long -term value of the US reserve, a future democratic administration will have no doubts to immediately dispose of the reserve.

The global reserve issuer should not disturb itself

The United States is the issuer of the global reserve currency. We still do not know how Crypto Reserve will be located-just as just an investment fund or something more inherent to the dollar, such as a new raw material-based currency system as the old gold standard.

If Crypto Reserve is considered to give a new backing to the dollar, I think this will cause significant unrest in dollar and state treasury markets. Effectively signalizes the government that it believes it no longer has faith in the dollar system as it currently exists and a radical change is needed. I can imagine that this would cause already high rates to rise as the market begins to wonder if the United States is considering a breach of its debt. The government should be focused on storing investors’ belief in its ability to maintain its debt obligations by pursuing pro-growth and defense-reducing policies, not playing with the entire structure of the dollar system.

Many Bitcoiners do not buy this reasoning and simply want to speed up the collapse of the dollar. I consider this a kind of economic terrorism. I don’t believe in economic accelerationism, nor do I think Bitcoin – or any other cryptoass – is ready to serve as support for a new product standard for the dollar.

US already has plenty of exposure to Bitcoin

American foundations and individuals have more bitcoin than the citizens of any other country on the planet – almost certainly with a large margin. The US government is already taking advantage of this situation. When Bitcoin goes up, the Americans who realize their winnings owe tax taxes to the government – either 20% or 40% of their winnings based on how long they have had the position.

This is a meaningful point that is not to be overlooked. The United States is already benefiting when Bitcoin goes up through tax distributions – more than any other country. In light of this we really have to choose a massive battle and insist on the winner of the US government direct Exposure to these assets too? No one is pushing for the US government to acquire the Apple or Nvidia share. Why Bitcoin?

There is no “strategic” value in a cryptores reserve

In general, assets and raw materials that the United States acquires at government level are things that may be required in a pinch, and must accumulate in advance. The petroleum reserve is a good example, as oil is clearly a significant item, and in a crisis we may not be able to acquire all the oil we need.

We also maintain reserves of other types of strategic assets, such as medical supplies and equipment, rare earth soil minerals, helium, metals such as uranium and tungsten and agricultural goods. These all have a clear and obvious purpose: to create a reserve that can be dipped in an emergency.

We also store foreign, for example, in case we have to conduct interventions in currency markets, although these interventions are becoming more rarer. There is no obvious strategic use for Bitcoin (and certainly not Cardano or Ripple). Ordinary Americans do not need a “supply” of Bitcoin or any other cryptoasset to support their quality of life. This can change if the entire financial system is running on a blockchain and we need tokens for gas (the one analog “industrial” use I could think of), but it’s not the state game today. The only “strategic” use to Bitcoin is simply “long” at the state level and sells it later, but you could achieve this with any other financial assets. There is nothing unique about Bitcoin (or any other creep.

Of course, if you eventually get back to the dollar with Bitcoin in a kind of Neo Gold standard, it would have a strategic use (in which case should you refer back to point # 2). But I don’t think it’s the intention right now.

A crypto reserve dilutes the value propention for Bitcoin

Mixing Bitcoin with rival cryptoassets Ethereum, Cardano, Solana and XRP and giving them all a straight government imprimature devalue Bitcoin and makes it look undifferentiated based on these assets. Bitcoin is the only one of the flock with a credible supply plan and genuine decentralization at protocol level. A crypto reserve confuses the problem and devaluates bitcoin in the public eye. Principal Bitcoiners should press for an all-or-nothing approach; Either just bitcoin or no reserve.

Bitcoin does not need government

I wonder what the early libertarian Bitcoiners from 2012-16 would think of 2025 Bitcoiners pressing the government backstop the value of their coins. In addition to the confusing ideological development that the Bitcoin community has undergone, another point remains. Bitcoin has been one of the best -functioning investments in history, and money from nothing in 2009/10 to trillion of dollars in total value in 2025. It has done all this without state aid and in fact in many cases despite obvious hostility from powerful nation states. A cryptor reserve would transform Bitcoin from an apolitical asset into the government’s toys subject to Washington’s political cycles. Bitcoiners were never the ones to run their wagon to the government and they should not start now.

It would turn Americans against Bitcoiners

Only a fraction (somewhere between 5-20%) of Americans owns Bitcoin and even fewer own other cryptoassets. Many bitcoiners are extremely wealthy because of their historic investments in the coin and others. At a time when public spending is under the microscope, using taxpayers’ dollars – no matter how mechanically they are distributed – it will be politically unpopular to strengthen the price of Bitcoin and other cryptoassets. The bite’s proposed student loan Amnesty was met with great resistance, despite potentially applicable to 43 million borrowers. Bitcoiners are a smaller group and even less need for financial support from the government. This policy would undoubtedly cause an unnecessary setback in the wider community against the crypto community.

It looks self -interested

It’s no secret that Trump and his cabinet and the inner circle have ownership in different cryptoassets. Trump himself has launched or is affiliated with: an NFT project built on ETH, more than a Memecoin built on Solana, and of course World Liberty Financial, which has a number of crypto assets. What we need from Trump is reasonably cryptopolitics, and based on his appointments on Treasury, Commerce, SEC, CFTC, OCC and others seems to be delivering it.

Using government resources to directly increase the value of coins that Trump (and many in his inner circle) have a sour taste. Most of us in the crypto industry have simply asked for reasonable politics and fair rules for the way, so we can do business in the US Trump suggest going much further than this and spending taxpayers’ dollars to speculate on the coins themselves and potentially enrich themselves and his employees.

For Trump’s critics, this is corrupt. It also gets the rest of Trump’s pro-crrypto decision and legislative efforts to see self-interested instead of leaving it on their own as good politics. A future administration could choose to throw the baby out with the bath water and turn all the progress the United States has made on crypto. The existence of the reserve provides future regressive efforts with a slight moral justification.