Odaily Planet Daily News: Former US President Donald Trump announced that if he is re-elected, he will establish a national Bitcoin reserve plan. However, James Angel, an economist at Georgetown University who specializes in financial markets, said, "I can't see any real economic benefits. The actual benefit is that Bitcoin will make Bitcoin enthusiasts vote for Trump." James Angel pointed out that the view that investing in Bitcoin can offset the loss of spending power caused by inflation depends on two unreliable assumptions: one is that the price of Bitcoin will rise; the other is that the government will be able to sell Bitcoin back to US dollars at some stage without causing a market crash. The US government can push up prices by buying Bitcoin, which makes it look like the government has made a lot of money, but once the government starts selling Bitcoin for profit, the price will fall again. (Wired)