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...
The one advantage it has, trustless transactions without the double spending problem, is not even desirable for governments. Why would any government want a payment system it can not control.
Bitcoin is a literal meme, it's worth is entirely derived from the beliefs of some subculture.
To those who say Bitcoin is a revolutionary something something and I don’t get it, maybe that’s true. But as I see it, Bitcoin is only worth what it was last traded at, and there’s no way to predict whether or not someone will want to buy it for more than it’s current value. Thats just not an interesting investment to me, and it feels like gambling, so I don’t want to take participate. I hope your Bitcoin goes to the moon. If it does, send me a postcard from Shackleton Crater.
