Critics on the right and left say the bitcoin reserve is a pointless industry handout — and using tariff revenue is even dumber.

IF DONALD TRUMP’S sweeping global tariffs send household good prices soaring and drive the economy into recession, at least one industry could profit.

The Trump administration is considering using tariff revenues to buy Bitcoin for a “Strategic Bitcoin Reserve,” a top administration crypto official said in an interview last week.

The White House’s proposal is driving interest from crypto industry figures who have made building the reserve one of their top priorities.

It is uniting critics on the right and left, however, who have cast the reserve as a pointless industry giveaway that will come at the expense of ordinary taxpayers. Using tariff money would add insult to injury, they say.

    • hakase@lemm.eeEnglish
      1·
      1 hour ago

      I wasn’t talking about a trade surplus - I was talking about the huge amount of extra money that we throw away every year on wasteful, nepotistic military contracts with little to no return.