Is this the end of the crypto year? Since Trump took office last year, he's been hyping up strategic reserves. A year has passed, and the US hasn't spent a single penny to buy them. Loomis' proposal to reserve 1 million coins annually failed. Now Treasury Secretary Bessant has repeatedly reiterated that the US won't use taxpayer money to buy them. They've already accumulated 15-20 billion Bitcoins in reserves just through confiscation. So, the so-called reserves are just confiscated coins that they won't sell? This is a completely different concept from what everyone imagines—the government using a percentage of its revenue to buy them. No wonder Bitcoin has plummeted.