#BTCReserveStrategy Brian Armstrong, the CEO of Coinbase, urged governments to start incorporating Bitcoin into their official reserves, considering that cryptocurrencies are "the next chapter of capitalism." He also suggested allocating 1–1.5% initially from foreign reserves, considering this a hedge against inflation and currency devaluation.

This sounds good on paper, but the reality is quite different.

Bitcoin is a highly volatile asset. This means that governments managing trillions will not risk something that could collapse by 30% in an ordinary week. We cannot equate a stable currency like the dollar or gold with something whose price plays a game of roulette every two days.

The talk about Bitcoin being a store of value is not accurate. It has only worked when the market was rising overall, but in crises, we found it falling along with everything else, providing no protection against inflation nor seeing any work from central banks.

Moreover, if a breach or technical issue occurs, who can guarantee that it is not a central bank whose accounts you can review? And if the government stored Bitcoin in cold wallets and the password was lost, the money would vanish into thin air.