I talked a lot about exactly this lately. Naive American bitcoiners getting shafted by their corrupt politicians and still cheer for them because it pumps their bags. Here's what Matt Kratter has to say...

WTF is this proposal to accomplish? Buy 1 mil bitcoin with fiat first and then sell it to serve ever increasing fiat debt? So they wanna hodl it, wait for an increase in in fiat price terms and then sell it to whom - other countries for dollar, other countrie's fiat or to their own citizen or to whom? How does this decrease debt, the amount of dollar worldwide stays the same, right? This is fucking nuts, they haven't even thought about that, they just wanted to quickly please the gullible crowd with the big words of a "bitcoin reserve". It's the same old old: keeping the dollar system "intact" and superior.

Feat. the Great Pumpkin sponsored by Metaplanet grifter David F. Bailey aka The Shitcoiner - head of Bitcoin Magazine !

#bitcoin

I knew it. You stupidly naive Yanks are being fucked over again and again by your own gov and by people you blindly trusted. They grab you by the balls and let you greedily smell the money and with dollar signs blending your eyes they fuck you over and most of you don't even realize. All those ETF and Coinbase bitcoin will never see the light of day again and will be seized by your government leaving the shareholders with worthless fiat. That was the no-in-kind-redemption-one-pony trick. Mark my words and let Saylor speak for himself and his masters