Crypto fans like it but there is no need for one. Two articles making the case.
The Reserve Currency Issuer Doesn’t Need a Strategic Currency Reserve. [Discipline Funds] – “The Trump administration announced a Cryptocurrency Reserve Fund that would hold Bitcoin, Cardano, Solana and Ripple. They seem to think the US needs this fund to help support crypto innovation and potentially hedge against currency risks. I don’t know how else to say this so I’ll just be blunt about it – this has the potential to be one of the most extraordinary misuses of taxpayer funds based on some of the most extraordinary misunderstandings I have ever seen. Let me explain.”
And…
The Strategic Crypto Swindle [The Atlantic] – “… the government has no strategic reason to own crypto assets. They have no use value either to the U.S. government or to the American economy. We can get along without them just fine. Crypto advocates point to the fact that the United States does hold reserves of foreign currencies, and has a large hoard of gold as well. But the U.S. actually holds very little foreign-exchange moneys, and the foreign currencies it does own are held in the event that it needs, or wants, to exchange them for dollars—as a hedge, for example, against a situation when the dollar is falling sharply and the government buys its own currency to prop up its value. That’s a very unlikely scenario to begin with—the U.S. has never used its foreign-exchange hoard to fend off a speculative decline in the dollar’s value—and, in any case, no such use case exists for bitcoin or other crypto assets.”