Dollar Devaluation - Bitcoin as the Gold of 1933 Roosevelt Play

It looks like the fed's runway to control the economy by hiking rates is getting dangerously short.

As a possible solution (Tin foil time), what if the feds pull a 1933 Roosevelt gold revaluation (except this time with Bitcoin)?

The effect would be similar, which is (i) reduce the nation's debt by devaluing the dollar, (ii) reduce the real value of future static dollar interest payments on bonds for the same reason and (iii) start a significant market rally as stocks have illusory "gain" to catch up with the dollar's devaluation.

The play is rather simple:

1. Slowly acquire a significant portion of the bitcoin float as a reserve asset (already in play)
2. Announce that the U.S. will lend cash with unlimited liquidity secured by BTC based upon a 80% LTV, with 1 BTC valued at a minimum of $200K.

That's it; the debt issue is largely resolved. If the government is willing to (and does) provide that it will honor for say 10+ years, 80% LTV ($160K cash) for 1 BTC at a floor $200K valuation, that would create an enormous arbitrage against the U.S. for a short period. The market would buy bitcoin up until it no longer makes financial sense to arbitrage the U.S.'s lending program.

So long as the fed holds this liquidity open and honors the floor, this plan can work.

This alone would work similar to Roosevelt's 1933 plan. The U.S. would manipulate BTC's price to artificially (or perhaps actually by purchase volume) increase, thereby increasing the value of its own holdings and devaluing the dollar in real time. The dollar would be capable of buying less BTC for the same amount it previously did a few days prior. Thus, indirectly the dollar is devalued equal around the price difference between BTC price before and shortly after the announcement.

Who this would absolutely wreck:

1. countries holding U.S. bonds are chief losers
2. anyone holding cash
3. any note/bond holder to be repaid in fixed cash or an interest rate based upon a principal cash value
4. at least for some time, the lower/middle class who will feel price adjustments for goods and services probably before real salary/hourly wage growth matching the dollar devaluation

Of course, the chief winners of this plan are:

1. U.S. government is the chief winner, slashing its real debt by 30-50% overnight
2. any debt holder or note maker (aka large amounts of the U.S. population with mortgage, credit card, auto and personal debt; each would realize a net benefit of deflation of his or her debt owed).

Probably too tin foil, but I'd like to hear thoughts. I will note that there are some attempts at track BTC held by the feds, but I do not see any official reporting. Is that somewhere?

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TLDR; What if the U.S. pulls a 1933 Roosevelt-style gold revaluation, but with BTC instead?

Basically: feds quietly accumulate BTC → announce a guarantee of ultimate 80% LTV cash liquidity at a $200K/BTC floor for 10+ years → watch BTC rip to eat this temporary arbitrage

Fed's BTC holdings moon, the dollar thus devalues overnight in purchasing power and stocks/assets reprice upward sharply.

Cash/bond holders get rekt (volume wise, primarily other countries).

Debtors (feds and large amounts of the U.S. population) and asset holders win. In particular, the U.S. wipes out 30-50% of its debt overnight in devaluation of the dollar, while securing a hedge against this by its own BTC holdings.