Subject: Re: Strategic Crypto Reserve
Don't have any tulips, though.

Tulips are hard. I’ve planted them, had a lovely crop, and then … nothing. I’m told you have to dig them up, split them, and replant them - and that’s a non-starter for me. Daffs, on the other hand, show up year after year like poor relatives at Christmas. (The daffodils, that is, not the poor relatives.)

But onto the real topic, I don’t understand at all what a “strategic reserve” of crypto is. If you have it, it doesn’t count until you cash it in. If you cash it in, you don’t have it. Unlike oil, where there’s an industrial necessity for the product, with crypto all you get is, uh, numbers on a page?

If government is going to do something with it, then by definition they have to trade it. Anybody know a government employee who is particularly adept at trading? (I mean without front running for his own account.) If we’re going to have a crypto reserve, why don’t we have a “stock market reserve”? We could have the government buy a whole bunch of stock (whoopee!) and then never sell it . I’m sure that would strengthen the economy.

Somehow.