“Economist Peter C. Earle, the director of economics and economic freedom at the American Institute for Economic Research, tells Reason that referring to Trump’s proposal to acquire vast amounts of cryptocurrency as a “strategic reserve” is “misleading first and foremost because traditional strategic reserves…like the strategic petroleum reserve [and] China’s strategic pork reserve are basically…repositories where large amounts of commodities are held [that] serve economic and security functions.” No cryptocurrency serves a security function, and only two, bitcoin and cardano, could plausibly serve the economic role since their supply is algorithmically constrained, explains Earle. Instead, the federal government committing itself to purchasing cryptocurrency would put a “floor under crypto values” and would function as a “sort of soft subsidy.””
https://reason.com/2025/03/05/trumps-unstrategic-crypto-reserve