We all know they own many billions worth through seizures, and surely they know the practical applicability of the technology by now...
So that begs the question: Why haven't they been actively buying Bitcoin like other countries?
They throw many billions into other avenues, so do they know something we don't?
Other countries, like El salvador and other smaller countries have started to stockpile Bitcoin because it is in their best interest to save guard their wealth against the possible depreciation of the United States Dollar or make themselves less vulnerable against the centralization of the traditional financial system. The United States cannot start to stockpile Bitcoin was they have already done with gold bars, because it would go against the very own interests of the federal government of the country.
In the best cases scenario for the United States, it would be for the rest of the world to continue to demand and use USD for all their transnational transactions and other countries to stockpile their first cash in their central banks, otherwise the USA would experience higher inflation.
If Washington started to embrace Bitcoin it would be the equivalent to turn against their own FIAT.
So what do you think of a senator's idea of selling gold to buy bitcoin, an idea that Trump also proposed during his presidential campaign? At first I thought this idea was unrealistic, but as more and more people supported it, I found it worth rethinking.
People think that bitcoin will affect the strength of the USD if the US government uses it as a strategic reserve currency. But if bitcoin can affect the USD, why has gold had no impact on the USD over the years? I mean if they use bitcoin as an asset similar to gold, they don't make it a major currency in the world, then it can't hurt the USD and their power.
By the way, even though El Salvador has made bitcoin legal tender, they still use USD as their main currency in everyday transactions. They invest in bitcoin and use it as a reserve strategy and if I remember correctly Nayib Bukele once said that bitcoin only takes up a part of the country's budget, not the majority or the whole.
