🪐 Paper Reserve, Real Politics Patrick Witt’s “breakthrough” chatter reads like a narrative upgrade, not proof of execution. The real story is the fracture between White House ambition and Treasury’s operating constraints, and BTC is sitting in that gap. ⚖️ That tension matters because markets can price a headline in seconds, but they need legal and fiscal follow-through to believe the structure underneath it. My lean is cautious: this is constructive for attention and volatility, yet the reserve idea still looks more like a political promise than a usable policy path. If coordination improves, the thesis gets sturdier; if it doesn’t, the gap between speech and action keeps widening. 👁️‍🗨️ The sharp takeaway is simple: until the machinery of government aligns, BTC is reacting to a story, not a system. #BTC #Macro #Crypto