@briankrebs it's a direct transfer of most of a trillion dollars of taxpayer money into the hands of crypto bros. that's it and that's all.
they need it because there is no longer any pool of money large enough to bail out the crypto ponzi other than the largest pension funds and governments of large countries. they bought the government of the USA so here we are.
p.s. it's also worth considering that the point of things like national oil reserves is to be able to keep prices *down* whereas the point of this "reserve" is to drive prices *up*.
https://universeodon.com/@cryptadamist/113557639506093171
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