Well, if this happens; I'm sure that a host of other 1st world countries would follow suit including Germany only that they'd be buying back at much higher price than they sold.
Bitcoin reserves is a smart move for the government but there's a two-way effect of this move on bitcoin.
1. Price go up.
2. Decentralization goes lower.
We might be looking at a potential tug of war among countries for very limited amount of Bitcoin since some of them are lost.
Amazing time to be alive. I was here when governments fought bitcoin as hard as they good. Feels really good to see them lose that fight.
As Putin puts it: "Who can stop Bitcoin? No one.".
Putin most likely has a large number of these Bitcoins. That's why he has such rhetoric on this issue. It seems to me that he has many crypto wallets to hide his money from the public. After all, he is a dictator, and they are all the same. Like a carbon copy.
Yes, Trump is great in this regard. He knows how to add wood to the fire, which has flared up well in recent weeks. If the adoption of the reserve does happen, the price will fly to the $ 150k mark.