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0 sats \ 1 reply \ @ZezzebbulTheMysterious 11 Dec \ on: Peter Schiff Advises Biden 'Sell All The Bitcoin' Held By The US Before Jan 20 bitcoin
Indeed he be trolling, but the problem is that they might take him seriously. If they sold the ~208k BTC before the next administration, it is likely they will never be able to buy back in <100kUSD/BTC. It might be twice as bad as Germany, at 57kUSD lol!
It would be a foolish move that would set the United States global treasury reserve back 5y or more. Of course the US would bounce back, but it would be a highly dilutive action for the American people in the short term. The strategy of exchanging old shiny rocks for Bitcoin will work for any economy. I say do it, Bitcoin is more useful than physical old Gold cluttering up the vaults.
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0 sats \ 0 replies \ @ZezzebbulTheMysterious 11 Dec
Remember, China's stash is from PlusToken et al, and the US stash is from Ross, Ilya, Raz and Jimmy (which is really Ross) et al. Other countries must buy, Large states can mine their criminal population for Bitcoin.
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