Bitcoin's Strategic Reserve: Implications and Challenges

This chapter examines the strategic Bitcoin reserve bill and its potential impact on Bitcoin's legitimacy as a global reserve currency. It explores the complexities of Bitcoin's classification, its utility as both a medium of exchange and a store of value, and the challenges posed by regulatory measures. The discussion highlights the tension between the U.S. dollar, the Federal Reserve, and the government, raising questions about how Bitcoin could influence the nation's financial landscape.