In the U.S., Bitcoin needs a broad and diverse coalition of support before proposing something like a Bitcoin Strategic reserve.
Otherwise it runs the risk of being seen as a “silly right wing stunt” by media, elected officials, and normal everyday people.
I fear that’s what’s happening this week. I think it’s too soon, and we have more work to do to build a broad diverse coalition.
I think some bitcoiners have given up on that, pretending “they tried.” Some actually have tried and are still trying. Doubling down on a super polarizing political figure and some fringe support for certain bitcoin policies (like the Bitcoin reserve) will be viewed the same as the End the Fed bill. A dud, stunt, side show.
Will this send a message to get people thinking more? Maybe, best case. Worse case it remains a partisan, divided, side-show issue rather than a neutral, nonpartisan, smart investment in technology, our future, energy, and beyond.
Pursue nonpartisan rhetoric, meetings, education, and good faith conversation. Don’t lead with feelings, emotion, and anger with impatience. This is a long game we’re playing!
