The erstwhile president and contemporary Republican aspirant for this year’s presidential race instigated a flurry of discourse within the cryptocurrency domain earlier this month. Reports suggested he would unveil his intentions at the Bitcoin Conference in Nashville last weekend.

He did – in part – but he also proclaimed to the assembly that bitcoin epitomizes “freedom, sovereignty, and emancipation from governmental coercion and dominion.”

However, his perspectives and intentions appear incongruent, as articulated by the WSJ.

“Freedom from government is not what he is proposing,” the op-ed asserts. “He desires all future bitcoin production to transpire within America, which imposes a constraint on freedom and necessitates a substantially augmented electric grid since bitcoin mining is energy-intensive.”

The editorial board further censured his purported aspirations to designate the cryptocurrency as a “strategic reserve asset,” alleging that this ambition stems from a proposal by Sen. Cynthia Lummis (R-Wyo.).

Per the proposed legislation, which Lummis unveiled at the conference, bitcoin could serve as a bulwark against escalating inflation and bolster the United States’ stature within the global financial ecosystem, concurrently fortifying the U.S. dollar’s role as the preeminent reserve currency.

“She contends the government could diminish the national debt through investments in bitcoin,” the WSJ posits. “[…] If cryptocurrencies genuinely constitute a libertarian instrument for investment, unshackled from political vicissitudes, they should operate independently of governmental intervention.”

Trump’s “dubious scheme” to actualize Lummis’ bill, should he assume office in January, mirrors the myriad contradictions inherent in the billionaire’s MAGA platform, whilst also conflicting with the foundational tenets of cryptocurrency, the op-ed concludes.