VIEW VIEWPOINT
Strategic Reserve
Kerby Anderson
At a conference last month, two presidential candidates talked about establishing a strategic reserve for America’s finances. Both Donald Trump and Robert Kennedy, Jr. spoke to a bitcoin conference and called for the establishment of a “Bitcoin Strategic Reserve.” In addition, Senator Cynthia Lummis (R-WY) explained her Bitcoin Reserve legislation to the audience that also included other members of Congress and CEOs of companies and billionaire investors.
Not so long ago, conversations about bitcoin were taking place in the periphery of society. No longer. Two presidential candidates spoke at the conference, and even the presidential campaign for Kamala Harris has been talking about cryptocurrency. Consider just a few of the comments by the two candidates.
Kennedy referred to a Bitcoin Strategic Reserve as “corruptions’ greatest foe.” He also said bitcoin is “anti-war.” Trump promised to make America a nation that leads in bitcoin. He also called for an end to “Operation Chokepoint 2.0” and for an end to the development of a CBDC.
One of the other speakers, Michael Saylor (Former CEO of MicroStrategy), refers to this idea as the Louisiana Purchase of our generation. He reminds people that, “Thomas Jefferson purchased the Louisiana Territory for $15 million in 1803 and nearly doubled the size of the United States. William Seward paid $7 million for Alaska that has a trillion dollars of oil underneath it.”
Will a strategic reserve be implemented in the next few years? It deserves attention and should be debated in Congress after the November election.
Listen to this Viewpoint
Viewpoints
View All
Steinem-Style Feminism
Gloria Steinem died recently, at age 92. The Washington Post, called her the “lodestar of the modern women’s movement.” As a freelance journalist, she wrote for prominent publications including Esquir...
Our Medieval World
Victor Davis Hanson argues that our modern world has become in some ways like the Medieval world of the past. To understand his comparison, we need to clear up some misunderstandings most people have...
Take Action
View All
Protect Privacy Against Flock Cameras
Flock cameras are everywhere. While one camera is a tool, the more than 100,000 AI-powered cameras now posted around our nation are a new layer of dig...
Support the Safeguarding Women from Chemical Abortion Act
The abortion pill harms women and kills unborn children. Congress must act.
