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.
precious metals have an innate value that while by no means in line with their market value is still value. crypto does not. Fiat currency has value in laws that require its use and in taxation.