427 sats \ 1 reply \ @kristapsk 26 Jul \ on: RFK Jr. Wants the US to Buy 9.4M BTC: A Fatal Blow to the Bitcoin System? bitcoin
This calculation is totally wrong, you cannot buy such amount of BTC without driving it's USD price up much. There aren't 9.4 million BTC available on the market currently. So, actual BTC amount you need to buy to match US gold reserves is much much smaller.
yeah this article is dumb
the author is no better than the politicians he/she berates
EDIT (I see it's the OPs article)
It's well written, has some interesting facts, and well presented (visually)
It's the sensationalism I don't like
and the 9.4m thing is factually wrong
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