1. United States
2. Fla.
3. Letter

The recent announcement by President Trump regarding the inclusion of cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano in a national strategic reserve raises concerns about the prudent use of taxpayer funds. While embracing emerging technologies is important for maintaining global competitiveness, allocating public resources to acquire and stockpile cryptocurrencies warrants careful consideration. Cryptocurrencies are highly volatile and speculative assets with no real intrinsic value, subject to significant price fluctuations driven by market sentiment rather than underlying fundamentals. As such, they are not qualified to be considered financial assets for the United States to subsidize. Investing substantial government funds in such assets carries substantial risks and potential losses, which could ultimately burden taxpayers. Moreover, the environmental impact of energy-intensive cryptocurrency mining operations is a valid concern that should not be overlooked.