Bloomberg: US plan to create a national reserve in bitcoin will be the biggest scam
Bloomberg does not understand what purpose this initiative will serve. When it comes to conventional strategic reserves, such as oil, it is done to support the economy and protect the interests of the country. The reserve in bitcoin has no such purpose, the editorial emphasizes.
#"Bitcoin cannot be used industrially, it does not claim to have real cash flows and is not connected to the real economy. It is a purely speculative instrument. Its rate depends on how much a big fool is willing to pay," Bloomberg writes.