Why a bitcoin reserve makes strategic sense—and why the US plan falls short

Daniel McGlynn argues that a bitcoin reserve makes strategic sense at every scale, but that the recent US executive order does not create a real strategic reserve. He says the order only consolidates bitcoin the federal government already holds, acquired through seizure or forfeiture, into an accounting entity with no plan for building it or aligning it with economic and defense goals. He also criticizes the separate "digital asset stockpile," arguing that other digital assets do not score well on the same multidimensional framework, and asks why the government should not sell them to buy more bitcoin.