frontrunbitcoin on Nostr: The crypto industry is making a mistake in what it’s asking from Trump. Instead of ...
The crypto industry is making a mistake in what it’s asking from Trump. Instead of pushing for a #Bitcoin Strategic Reserve (BSR) or regulatory favors that benefit a few big players, they should focus on something that actually matters long-term: integrating Bitcoin as a neutral reserve asset that strengthens the U.S. financial system in a way that can’t be undone by the next administration.
Why a Bitcoin Strategic Reserve is a Bad Idea
• If the U.S. government stockpiles Bitcoin, it becomes a political weapon.
• A future administration—especially one hostile to crypto—could dump the holdings, tanking the market and shaking confidence.
• Governments don’t buy assets because they believe in them; they do it for political reasons.
The Problem with Crypto Regulation
• The loudest voices pushing for regulation are the ones who stand to benefit: executives at exchanges, brokers, and crypto banks.
• Any regulation that passes will likely entrench these companies while squeezing out true innovation.
• Instead of a thriving, open market, we’ll get a Wall Street-style oligopoly, where only the biggest firms can afford to play.
The Right Wish to Make
• The dollar isn’t going anywhere, but the world is moving away from holding U.S. treasuries as reserves.
• To stay ahead, the U.S. needs to back its financial system with a neutral reserve asset—Bitcoin or gold—rather than just debt.
• This keeps the dollar dominant in global trade while ensuring Bitcoin becomes a foundational part of the financial system.
The Bigger Picture
The crypto industry is thinking too small. Instead of asking for short-term price pumps or regulatory loopholes, it should be pushing for Bitcoin’s integration into the global reserve system—something that would cement its role for decades, no matter who’s in office.
Why a Bitcoin Strategic Reserve is a Bad Idea
• If the U.S. government stockpiles Bitcoin, it becomes a political weapon.
• A future administration—especially one hostile to crypto—could dump the holdings, tanking the market and shaking confidence.
• Governments don’t buy assets because they believe in them; they do it for political reasons.
The Problem with Crypto Regulation
• The loudest voices pushing for regulation are the ones who stand to benefit: executives at exchanges, brokers, and crypto banks.
• Any regulation that passes will likely entrench these companies while squeezing out true innovation.
• Instead of a thriving, open market, we’ll get a Wall Street-style oligopoly, where only the biggest firms can afford to play.
The Right Wish to Make
• The dollar isn’t going anywhere, but the world is moving away from holding U.S. treasuries as reserves.
• To stay ahead, the U.S. needs to back its financial system with a neutral reserve asset—Bitcoin or gold—rather than just debt.
• This keeps the dollar dominant in global trade while ensuring Bitcoin becomes a foundational part of the financial system.
The Bigger Picture
The crypto industry is thinking too small. Instead of asking for short-term price pumps or regulatory loopholes, it should be pushing for Bitcoin’s integration into the global reserve system—something that would cement its role for decades, no matter who’s in office.