pull down to refresh
54 sats \ 5 replies \ @grayruby 18 Jul \ on: BREAKING:Trump to announce a USA Bitcoin strategic reserve in Nashville ,Sources bitcoin
Source: trust me bro.
I believe it, though. Not that I think Trump particularly cares, but he knows this is the kind of thing that appeals to bitcoiners and he's trying to win votes.
And it kinda makes sense, anyway. IMO any country would be smart to buy bitcoin when the price is still low, on the very real possibility that it becomes the globally accepted monetary asset. Relative to the size of U.S. fiscal spending, any investment in bitcoin right now would be a drop in the bucket. The tricky part is managing keys and custody. I have no idea how I'd trust the government to do that properly.
reply
The US gov already controls 1% of all bitcoin - that they got for free. Compare that to US gold reserves which are <2% of all gold, I'd say are already completely on track.
reply
Correction: <4% of all mined gold
reply
reply