Steve Hanke It is not right to say something Bitcoin Related once more.
He’s recently taken aim at the idea of the U.S. creating a Strategic Bitcoin Reserve (SBR).
In The video is embedded below. Hanke It was claimed that to convert government savings in bitcoin would not be beneficial. "drag on the economy" because those savings wouldn't be invested in "real capital assets that produce things."He even doubled down, saying bitcoin doesn't build factories, create jobs, or drive innovation.
I couldn't disagree more—and I think his argument completely misses the point.
Let's get honest about what a SBR is supposed to do. It's not about building factories or creating jobs directly. It's about protecting a country's economy, hedging against risk, and ensuring long-term economic stability.
Does Hanke think the U.S. should sell its gold and oil reserves or food and weapons stockpiles because they aren't "driving innovation"? Of Course not. Those Reserves exist not as venture capital investments, but to ensure security and stability.
The same would apply to a SBR. It wouldn't directly create jobs, but it would provide the U.S. with a hedge against inflation, dollar debasement, and geopolitical risks.
Let's face it—the dollar isn't as strong as it used to be, and holding bitcoin would give the U.S. a safety net as the world shifts toward decentralized money. It's about preparing for the future, not clinging to outdated economic models.
Hanke You may also overlook the fact that reserve funds can be used as leverage. If bitcoin becomes the world's most valuable asset and the U.S. has established a Strategic Bitcoin ReserveIt will always be one step ahead. That's not just a hedge—it's a massive geopolitical advantage. It Would strengthen the confidence of Americans in their financial system.
His take shows he doesn't understand what reserves are for. They're about risk management and long-term strategy, not short-term job creation. The A Strategic Bitcoin Reserve isn't a "drag on the economy." It's an innovative, forward-thinking move.
The idea of an SBR isn't stupid. What's stupid is dismissing it with outdated arguments.
This Article is an Take. Opinions expressed are entirely the authThe following are some examples of how to use's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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