My concern goes to the money masters of America. Those people have historically used everything in their disposal to keep the world under a fiat standard, and now out of nowhere, the president promises the people bitcoin, a currency that completely undermines the purpose of fiat currency across the world. Something just doesn't add up.
A Bitcoin Reserve doesn't mean they'll create a Bitcoin Standard, just like the Gold Reserves don't mean there's a Gold Standard.
If this is going to be anything like the way people lost their gold to government, there may be a time when you can deposit your Bitcoin into a government wallet, in exchange for a digital receipt on your account. Then government can artificially increase the amount of Bitcoin out there, just like they did when they abandoned the gold standard. And a decade from now, suddenly there are much more Bitcoins in circulation on accounts with banks, and the value of a "paper Bitcoin" gets devaluated. Gold is worth about 100 times more now than it was when the gold standard was abandoned. Or better yet: the dollars you received in exchange for your gold can now buy about 1% of your gold back.
Of it's not obvious yet: I finally started reading The Bitcoin Standard ebook.