From www.blakeoliver.com: (Podcast) Discussion of the proposed “Strategic Bitcoin Reserve,” which would have the US Treasury buy 1 million Bitcoin over five years.
Aspects include the high-risk nature of Bitcoin as a speculative asset, the potential for the US to unknowingly transact with adversaries, and legislative pushes in 13 states to invest public funds in cryptocurrency.
This may be a final effort by the crypto lobby to sustain prices as retail interest wanes.