The asset prices then, predictably, crashed, leading Bloomberg to dub the reserve announcement the Trump Pump.

It should be kept to a minimum.

Cut it out with these schemes guys.

Photo: Brian Ach

© Brian Ach (Getty Images)

To be clear I am PRO CRYPTO.

I own BTC [Bitcoin] and some of these.

But to me, that doesnt include government money buying in!

President Donald Trump talks to reporters at the White House on April 23, 2025 in Washington, DC.

Not the proper, principled role of government.

Cut it out with these schemes guys.

Isnt that the whole point of crypto industry??

President Donald Trump and billionaire oligarch Elon Musk at UFC 314 at the Kaseya Center on Saturday, April 12, 2025, in downtown Miami.

From Lonsdales perspective, the government shouldnt buy in to crypto.

the billionaire posted, helpfully.

News from the future, delivered to your present.

Elon Musk, CEO of Tesla, during a cabinet meeting at the White House in Washington, DC, US, on Thursday, April 10, 2025.

U.S. Secretary of Defense Pete Hegseth speaks to reporters during the White House Easter Egg Roll on the South Lawn of the White House on April 21, 2025 in Washington, DC.

Pete Hegseth

Donald Trump and Elon Musk speak in the Oval Office before departing the White House on his way to his South Florida home in Mar-a-Lago in Florida on March 14, 2025.

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U.S. President Donald Trump speaks to the media during a guided tour of the John F. Kennedy Center for the Performing Arts before leading a board meeting on March 17, 2025 in Washington, DC.

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