Jonathan Levin, Columnist

Bitcoin Going Even Higher? Ask Your Robot for Advice

A strategic Bitcoin reserve would probably be a terrible idea, but it would make some people very rich.

December 6, 2024 at 10:14 PM UTC

Jonathan Levin is a columnist focused on US markets and economics. Previously, he worked as a Bloomberg journalist in the US, Brazil and Mexico. He is a CFA charterholder.

Bitcoin price surged past $100,000 for the first time.
Photographer: Paul Yeung/Bloomberg

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The US has reserves of petroleum and precious metals, and President-elect Donald Trump has toyed with the idea of creating a strategic Bitcoin reserve too. Some people think it’s a good diversifier in portfolios, and it has generally gone up in value, so why shouldn’t Uncle Sam get in on the action? What could possibly be the downside of turning the US government into a crypto hedge fund? Anything at all come to mind?