It's difficult to even get a sense at what his true motive might be - unless it really is as in front of our nose as "Trash the economy!" and "Help Russia!" as currently it seems to be. Does anyone know? Does he know?The thing is that the more he vacillates, the more business loses confidence that any eventual tariff regime will be permanent. Nobody is going to spend three years to build a billion dollar car plant, just on the off-chance that the investment will be justified, over a payback period of say a decade, by these now-you-see-them-now-you-don't tariffs.
It would need Congress support, I think (but not sure). And if so then I can't see even the Republicans voting to use public money to buy into crypto - unless they have their own interests in that area. Maybe they could just hold a stockpile from any crypto seized by law-enforcement. There's meant to be something like 200k Bitcoin (c. $18n at todays price) and likely plenty of other coins being held. No reason, I guess, not to hold on to those in that form. But I think the intention of a "strategic reserve", as touted, would be somewhat larger scale than that.And now there's this nutty idea of mandating the Fed to hold part of its reserves in crapto. (I'm not sure the president has authority to mandate that, but no doubt we shall see.)