Bloomberg Warns! The U.S. is hoarding Bitcoin, this is the biggest scam in history
Recently, with Trump officially winning the U.S. presidential election, the Federal Reserve's establishment of a national Bitcoin reserve has also been put on the agenda, which is one of Trump's campaign promises.
Federal Reserve Chairman Powell also spoke a few days ago and did not deny the possibility of hoarding, only stating that Bitcoin and the U.S. dollar do not compete with each other, but there is competition with gold. Implicitly, hoarding is possible, which also seems to hint at the U.S. currency's re-anchoring; the two can be completely linked, and in fact, the Federal Reserve has already issued USTD.
However, the well-known institution Bloomberg believes that the U.S. hoarding Bitcoin is the biggest scam in history. They argue that the U.S. has also established reserves for other countries, such as the strategic petroleum reserve, but it is of little use and does not affect oil prices at all. If a war were to occur, the U.S. is actually the world's largest oil producer, essentially meeting its own production and sales, at least in terms of energy, the U.S. would only have an advantage.
Personally, I believe that the U.S. hoarding Bitcoin is indeed unlikely to succeed. First of all, if the U.S. wanted to hoard Bitcoin, it would definitely not be able to buy it first and then go through the process, as the policy obstacles are very large.
If the process is completed, through various legislation, and then goes to acquire Bitcoin, Bitcoin would have risen to the sky by then. After all, the circulating Bitcoin in the market is not much, most of it is in the hands of private players.
I think a greater possibility is that Trump will propose a bill, which will then be discussed in both houses, and then Bitcoin will surge, followed by a large-scale sell-off by Trump's team, as almost everyone in his cabinet owns Bitcoin, and then the proposal will be rejected, leading to a collapse in Bitcoin prices.
I even suspect that after this surge in prices, his team had already begun to sell off.