Donald Trump’s Plan to Hoard Billions in Bitcoin Has Economists Stumped

When former US president Donald Trump announced a plan to establish a national “bitcoin stockpile” if he is reelected, the crowd at the Bitcoin 2024 conference in Nashville, Tennessee, erupted into a fit of celebration. The frontrunner in the upcoming election was speaking their language.

“For too long, the government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin,” said Trump during his speech on Saturday, pausing briefly to bathe in the applause. “It will be the policy of my administration to keep 100 percent of all bitcoin the US government currently holds or acquires into the future.”

The US government is

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