The Republicans and Donald Trump seem set on establishing a strategic crypto reserve. They are claiming this will somehow be an important source of economic security for the country. It’s clear that establishing the reserve will be an important way to give tens of billions of dollars to Donald Trump’s campaign contributors, but it is much harder to see how it will provide any economic security to the country.
Yes, the crypto scene is constantly crying about their massive gains. \s
There’s no real problem with people not wanting to spend a solid investment. It’s called “savings”. People used to do it back when the dollar was almost worth something, but they constantly devalue the money to prevent it. The petrol-dollar needs people spending and consuming exponentially more to prop up their pyramid scheme. This system is literally impoverishing humanity and destroying the planet. That’s a much bigger problem than cryptos going up.