I have conflicting opinions about Nic Carter the man, but pretty much agree with all of his points here.

https://www.coindesk.com/opinion/2025/03/04/8-reasons-a-strategic-crypto-reserve-is-a-bad-idea

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“There is no “strategic” value in a crypto reserve” is wrong. It’s a lever for them to manipulate the price in ways that will make Bitcoin harder for countries to rely on. So its strategic value is as a weapon to protect the dollar.