Critics like Bob McElrath deem the Bitcoin reserve idea a mere fantasy, highlighting its minimal role in the vast U.S. Economy. Conversely, advocates such as Michael Saylor and Senator Cynthia Lummis argue for a strategic Bitcoin reserve by selling gold.
Experts like Mike Novogratz predict potential failure for the reserve initiative, fearing the government might become a final buyer. Uncertainty remains as the market ponders Bitcoin’s future, especially with a speculative price potential of 500,000 USD.