Those who think the U.S. establishing a Strategic Bitcoin Reserve is underwhelming are failing to see the big picture.

The end game was never “the U.S. government buys all of the world’s bitcoin.”

A U.S. Strategic Bitcoin Reserve means…
- Other countries will buy bitcoin
- Wealth managers have no excuse
- Financial institutions have no excuse
- Pensions/Endowments have no excuse
- Fear of the U.S. selling is gone
- The U.S. will likely buy more
- Likelihood of states buying just went up
- Probability the government outlaws Bitcoin is definitively zero

This changes everything. Zoom out.

The market is grossly underestimating the long-term impact of the U.S. Strategic Bitcoin Reserve.