when a cryptocurrency is adopted into the nation’s strategic reserves it needs to meet certain criteria. It should not be largely owned by somebody. Because using our taxpayers money to purchase their coin will pump their bags and they could become more rich and powerful than any man in the world. XRP for example, half of the XRP is owned by the founders. The very founders who were donating to the Biden Harris campaign.
The strategic reserve needs to be 99% decentralized coins that are decentralized in both control and
ownership which basically Bitcoin is the only choice.
I hope The reserve will be heavy on the
Bitcoin side and these altcoins mentioned are just for helping to legitimize crypto in
general. Because if he goes in heavy with these altcoins he’s going to get burned.
Our whole country is going to get burned!
So naturally the only coins allowed in the reserve should be fully decentralized both in how they are mined and in ownership.
besides, think about it. including a basket of different coins is like playing the stock market. to my knowledge wouldn’t it be against the rules for the government to go buying a bunch of stocks and day trading and crap! I understand The need for our collective citizenship to own something like gold and digital gold. But opening the door to use the citizens money to manipulate the stock market or the cryptocurrency market is a whole another story. there needs to be a very fair & logical set of rules regarding which cryptocurrencies are allowed!