WSJ: Bitcoin as a strategic reserve asset contradicts the narrative of “freedom from government constraints”

Odaily News Former President Donald Trump's alleged plan to make Bitcoin a strategic reserve asset is at odds with the cryptocurrency's value, the Wall Street Journal (WSJ) editorial board wrote. At a Bitcoin conference in Nashville last week, Trump said Bitcoin represented freedom and independence from government, among other things, but that view is inconsistent with how he has used Bitcoin since his election in November, the WSJ wrote. "What he's proposing is not freedom from government, he wants all Bitcoin to be made in the United States in the future, which is a restriction on freedom and would require a larger power grid because Bitcoin mining requires a lot of energy," the column noted. If Trump does take office in January, the column claims he will develop a "rough plan" to turn Sen. Cynthia Lummis' bill into reality, echoing many of the billionaire's "Make America Great Again" slogan's contradictions while also conflicting with much of what cryptocurrency stands for.