With all this talk about national reserves, that idea basically means governments would be buying Bitcoin which means they could become even bigger players than institutional investors, since they have access to public resources.
Now the question is -- is that really what we want to see?
And more importantly, will ordinary people still benefit from it?
That is not what we want to see from the government op, people want to see all countries of the world making BTC legal or legal tender to the users, because it will create enough opportunity for the growth of the world economic. I know some government will get convince when they start benefiting from the BTC they bought, before they can have the confidence to make it legal or legal tender in their various countries.
Any government that is buying BTC or planning to make BTC their reserve, mean they will be buying BTC with government money and hodl for long years and it will increase their BTC in their wallets, because the longer you hodl your BTC will determine what you are going to earn in the future.