Bloomberg published an editorial, arguing that Bitcoin has no industrial use, no actual cash flow, and no connection to the real economy. Bitcoin is merely a pure speculative tool. Its price entirely depends on how much a more foolish person is willing to pay.

Aside from wasting taxpayer funds, creating a Bitcoin reserve will only enrich the existing Bitcoin holders. The U.S. government will become that 'more foolish person' in the market. What do you think?

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