A Bitcoin Reserve doesn't mean they'll create a Bitcoin Standard, just like having Gold Reserves does't mean there's a Gold Standard.
Having gold is not equivalent to buying gold. The gold reserves in Fort Knox are not kept as an investment or as a justification to pay out the 40 trillion dollars worth of debt when gold reaches $1M / oz. They're kept for legacy reasons. But, buying bitcoin as a plan to pay out the debt, clearly encourages everyone to follow, and do the same with their debt. This week I read that Japan and Thailand are thinking of either buying bitcoin as strategy or propose a legal tender.
It's clear that they don't really want bitcoin for what it is but only wants to use it as much as they can, infact price manipulation will become an obvious effect of making bitcoin a strategic reserve. The volatility of bitcoin wouldn't be normal anymore, it's always going to be in favour of one government or another leaving individual holders in an uncertainty. It's still not bad they big countries are proposing BSR but my big question always remains are we safe?
I would think that there is going to be an attempt to harness and control bitcoin, but that does not mean that the attempt is going to be successful. Surely, the more and more that bitcoin is held in the hands of BIGGER institutions, then there may be attempts to make self-custody illegal and/or very difficult... but that does not mean that they are going to be successful in that, either.
The best strategy they have, in my opinion, is to buy all the bitcoin. There's no other endgame. Putting themselves in the top of bitcoin holders would make it much easier to re-establish their position as money masters.
[/quote] I felt weird around this forum when I was saying things like this because everyone seems to have a very different perspective of governments especially the US government proposing BSR and I believe that your opinion will be their biggest play because obviously there no other strategy other there that can beat becoming the top holders.