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Bitcoin strategic reserve Bitcoiners, but also some mainstream media articles, have been making much of the potential for a Trump win to usher in the creation of a “Bitcoin strategic reserve”, to the point that I think the idea has earned some debunking. It hearkens back to the Bitcoin Conference this past July, although it was not Trump who first brought it up — it was his then-opponent Robert F. Kennedy Jr. To quote from issue 63: [Robert F. Kennedy Jr.’s] biggest promise by far, announced to thunderous applause, was that he would establish a strategic reserve of 4 million bitcoins — $225 billion at today’s prices, and amounting to around 20% of the total bitcoin supply — which he did not disguise as a promise to pump the audience’s bags. “The cascading impact from these actions will eventually move Bitcoin to a valuation of hundreds of trillions of dollars,” he concluded. (Note that the $225 billion estimate was July prices — with recent price movements, 4 million bitcoins would be priced at around $350 billion today.) RFK Jr. so thoroughly upstaged Trump the day before Trump was scheduled to speak that Trump seemed to shoehorn in his own promise of a “Strategic National Bitcoin Stockpile” in order to try to keep up. However, I think many who are picturing a “strategic reserve” now are picturing not what Trump described, but rather RFK Jr.’s fever dream.