The one thing that doesn't make sense to me, is announcing this. The Serbian statement of making it happen behind closed doors makes more sense.
If you're going to buy a significant chunk of
any market, prices will increase. The same thing happens when a company announces it's interest to buy another company, and it's now happening with Bitcoin. If the US government wants to buy 800 kBTC (for those numbers we should start using "kilo Bitcoin"), they're paying more already just because they announced it.
I'm not buying the "taxpayer-neutral" part. One way or another, if government spends money, that comes from taxpayers. They may make it look different on paper, but there's also an ever increasing debt that could have been reduced with the same money.
The "new" idea concerns repricing the Federal Reserve Certificates at mark-to-market valuations: the certificates were issued at a statutory gold price of $42.22/oz in 1973 and could now be valued at over $2,600/oz.
Gold didn't go up 6058% in value, the dollar dropped 98.38%. If they're moving towards a Bitcoin Strategic Reserve, then the value (measured in dollars) will go up forever due to eternal inflation.
That makes me think the BSR is just a way to join the Bitcoin train, while protecting the dollar printing instead of bringing back
sound money.