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Started By
Message
Bitcoin Strategic Reserve Is Now on the Table
Posted on 11/11/24 at 9:21 am
Posted on 11/11/24 at 9:21 am
decrypt
Lummis has “led the charge” to create the reserve, which she claims will “supercharge the U.S. dollar’s position as the world reserve currency for decades to come.”
The path to its creation is already underway with the introduction of the yet-to-be-passed Boosting Innovation, Technology, and Competitiveness Through Optimized Investment Nationwide Act—simply referred to as the “Bitcoin Act.”
2
Posted on 11/11/24 at 9:58 am to QboveTopSecret
Lummis the Senator whose campaign is funded primarily by crypto lobbyist like Andreessen Horowitz, and has been promoting bitcoin based bills since her entire time in office. Who has also disclosed she has a very large position in cryptocurrencies, I am sure she has nothing to gain 
BTW she also took money from FTX
Forbes source FTX for Senator Lummis
Back to the topic at hand, do you honestly believe in the fiscal tightening that Trump is promising he is going to spend hundreds of billions of tax dollars buying a speculative security, which generates no revenue?
If you really want Trump's true opinion of Crypto look no further.
Why do you think he started Liberty Financial, he sees the path to revenue generation. That is creating new cryptocurrency coins to sell to people.
BTW she also took money from FTX
Forbes source FTX for Senator Lummis
Back to the topic at hand, do you honestly believe in the fiscal tightening that Trump is promising he is going to spend hundreds of billions of tax dollars buying a speculative security, which generates no revenue?
If you really want Trump's true opinion of Crypto look no further.
Loading Twitter/X Embed...
If tweet fails to load, click here. Why do you think he started Liberty Financial, he sees the path to revenue generation. That is creating new cryptocurrency coins to sell to people.
Posted on 11/12/24 at 5:57 am to UltimaParadox
JD Vance has half a million in Bitcoin. Trump has been making purchases with Bitcoin.
Our strategic reserve is coming. Other countries are buying up Bitcoin and doing the same.
Our strategic reserve is coming. Other countries are buying up Bitcoin and doing the same.
Posted on 11/12/24 at 7:20 am to tenderfoot tigah
quote:
Our strategic reserve is coming.
I’ll believe it when I see it. Still a very long way to go
Posted on 11/12/24 at 7:26 am to QboveTopSecret
quote:
Bitcoin Strategic Reserve Is Now on the Table
Is someone able to explain this to me like to a 4th grader? What's the expectation here, benefits to us as a nation (not just to Bitcoins value), and things to keep an eye on? TIA
(Yes I haven't really kept much attention to BTCs other uses, so trying to catch up some as a newb)
Posted on 11/12/24 at 7:31 am to HagaDaga
quote:
benefits to us as a nation
It’s a speculative investment for the nation. There is no point in actually using bitcoin.
I own BTC because to not have a little bit of it these days seems like a bad idea for individual investors, but that’s a far cry from thinking the US should be an adopter.
I know Trump said alot of things, but this is less likely than no tax on overtime, which is essentially never happening.
Posted on 11/12/24 at 7:45 am to slackster
quote:
It’s a speculative investment for the nation. There is no point in actually using bitcoin.
I don't think this opinion will age very well.
Posted on 11/12/24 at 7:46 am to slackster
quote:
It’s a speculative investment for the nation. There is no point in actually using bitcoin.
So like hoarding it like the oil reserve is what is being discussed here? Definitely not seeing how it would be a benefit unless somehow it's being looked as tiring or dollar to it like we had gold. :head-scratching:
Posted on 11/12/24 at 7:51 am to 98eagle
quote:
I don't think this opinion will age very well.
I’m confident it will for the country.
A strategic reserve is not going to be used to buy a coke.
If they’re going to use it to transact payments, they’ll just use a CBDC.
Posted on 11/12/24 at 8:00 am to tenderfoot tigah
quote:
Trump has been making purchases with Bitcoin.
Ah yes are we back to Bitcoin is a currency, thanks to that one time Trump painfully bought a coke using Bitcoin for a video clip. Got any more examples of him making "purchases".
Remember just a few months ago people tracked down Trump's Bitcoin wallet, and he already had sold the single Bitcoin that was given to him. He now holds zero.
Never thought I would see the day that all the anti govt crypto bros are cheering on Daddy govt to pump their bags.
The only truth in the whole space is people will do anything to make sure number go up
Posted on 11/12/24 at 8:08 am to UltimaParadox
quote:
Never thought I would see the day that all the anti govt crypto bros are cheering on Daddy govt to pump their bags.
It is a bit comical where bitcoin started and where it’s supposedly going.
Posted on 11/13/24 at 12:00 pm to UltimaParadox
I'm happy to see more in goverment holding BTC rather than seeing Elizabeth Warren's bank paid mission to take BTC down.
Posted on 11/13/24 at 2:06 pm to slackster
quote:
quote: I don't think this opinion will age very well. I’m confident it will for the country. A strategic reserve is not going to be used to buy a coke. If they’re going to use it to transact payments, they’ll just use a CBDC.
I want to see how quickly the sentiment would change if the government pursued the idea, but selected a currency that directly competes with bitcoin.
Posted on 11/14/24 at 3:16 pm to lsuconnman
Like what?
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