Trump sets up the reserve as the SEC backs off crypto enforcement.
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This is sooo dumb! “Strategic”. Like, what, in case the US government suddenly needs to buy LSD online?
they’re making it easier to steal us money
its a broad strategy to buy a basket of different coins. like trump coin.
In case a group of certain someone’s need to make a strategic withdrawal back to Moscow.
Don’t worry. The Strategic Bitcoin Stockpile will be managed by this guy:
You can’t have a “strategic reserve” of things that don’t exist in the real world. The value of soft assets is subjective and based on their potential future earnings.
You can be against but both your arguments are invalid. The USA have been holding billions in Bitcoin for years without losing any of it. Also your second claim can be applied to pretty much everything the USA own
Trump doesn’t know anything about Crypto. He doesn’t understand how it works, what it’s used for, or even how to use it. He doesn’t care about Crypto personally one way or the other. But he does care about the opinions of bros and chuds and other terminally online rightwing shiatheads. And these people desperately want the government buying up crypto because it will put a whole bunch of other people’s money in the market and drive up the prices of everything, including their own holdings.
This is a really obvious crypto scam on a huge scale, which will involve transferring billions of US taxpayer dollars from the US Treasury to this “strategic reserve” where it will immediately be STOLEN. I honestly didn’t think I needed to point this out.
They hold siezed Bitcoin but what’s the point of a strategic stockpile of a thing that has no use case outside of crime?
Is it a crime to store wealth and/or speculate ?
I want my tax dollars to be used for something useful, not buying special little numbers
The first answer that’s not objectively untrue
Cryptocurrency isn’t a store of wealth. It isn’t a store of anything.
Repeating it won’t make it true
Oh look, a removed has entered the chat
You wish
Wow, Elon is literally using the Treasury to pump Doge. He’s been a cartoon villain for a while, but this is another level