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TRUMP CRYPTO CZAR DAVID SACKS announces - "We're looking at a Bitcoin reserve."
Posted on 2/4/25 at 4:13 pm
Posted on 2/4/25 at 4:13 pm
6
Posted on 2/4/25 at 4:34 pm to Jjdoc
We already know. Part of the reason the market dropped. Big nothing burger.
Posted on 2/4/25 at 5:02 pm to Jjdoc
Time to sell the news
Posted on 2/4/25 at 5:08 pm to Pendulum
quote:
Time to sell the news
Ah yes. Let's sell right before 10 states pass Bitcoin reserve bills, the nation passes one and then all other countries follow. Great plan.
See you at 200k
Posted on 2/4/25 at 5:22 pm to I Love Bama
excuse my ignorance
doesn’t the federal treasury already own like 2MM BTC?
doesn’t the federal treasury already own like 2MM BTC?
Posted on 2/4/25 at 5:35 pm to cgrand
The US Treasury owns 0 bitcoin. The DOJ could hold up to 200k but I don’t know when the last time that was actually verified.
Posted on 2/4/25 at 5:46 pm to I Love Bama
Barring a prolonged recession, 200k happens within 18 months just from Saylor and ETFs IMO. If money gets cheap again or states/nations start buying, 200k will be a joke.
This post was edited on 2/4/25 at 5:47 pm
Posted on 2/4/25 at 5:52 pm to beaverfever
I've been pumping BTC hard here since $10,000 and offered to buy the Bitcoin Standard for anyone who wanted to read it.
I've bought at least 15 copies and only 2 read it. The two that read it bought.
It's crazy how nobody wants to learn about the most important financial asset of our generation.
I've bought at least 15 copies and only 2 read it. The two that read it bought.
It's crazy how nobody wants to learn about the most important financial asset of our generation.
Posted on 2/4/25 at 6:05 pm to I Love Bama
I’d love to have “gotten” it that soon but in some ways it would have been torture. I’ve only been going hard in the paint for 8 months and it’s a bit isolating. It feels like I’m giving people the winning lottery numbers and they think I’m touting a stock pick.
Posted on 2/4/25 at 6:05 pm to I Love Bama
quote:
Bitcoin Standard
Thanks for the recommendation, I'll be reading over the next 2-3 months. I unfortunately missed out in the infancy but I don't see the utility or value disappearing.
Posted on 2/4/25 at 6:31 pm to I Love Bama
Wish I would have hopped on earlier. I just got back home from grabbing my first intro to crypto investing book lol
Posted on 2/4/25 at 8:11 pm to I Love Bama
I own bitcoin but not selling bitcoin that we confiscate is a little different than actively buying it. Just worth pointing out.
Posted on 2/4/25 at 8:38 pm to Jjdoc
Here’s the big con.
Posted on 2/4/25 at 8:42 pm to ApexHunterNetcode
quote:
but I don't see the utility or value disappearing.
What is the purpose of Bitcoin? Because as of now it's a poorly speculative asset, not currency.
Posted on 2/4/25 at 8:48 pm to Jjdoc
They already have a reserve of bitcoin
Every time they take possession of a drug lord or arms dealers stash, they get their bitcoin
Every time they take possession of a drug lord or arms dealers stash, they get their bitcoin
Posted on 2/4/25 at 8:50 pm to I Love Bama
quote:
It's crazy how nobody wants to learn about the most important financial asset of our generation.
“Financial asset” more specifically, it’s a currency
And a volatile one
Posted on 2/4/25 at 8:50 pm to SlidellCajun
No one is using it as a currency though
Posted on 2/4/25 at 10:16 pm to HailToTheChiz
Noooooo don’t engage with him!!
Posted on 2/5/25 at 4:19 am to HailToTheChiz
quote:It’s sound money which is infinitely more rare than a currency. It’s important to distinguish between money and currency. It clicked for me when I realized that I knew what a currency was but didn’t actually know what money was. What is the purpose of money?
What is the purpose of Bitcoin? Because as of now it's a poorly speculative asset, not currency.
This post was edited on 2/5/25 at 4:28 am
Posted on 2/5/25 at 6:24 am to beaverfever
quote:
What is the purpose of money?
Basically used to barter for goods.
I don't see people doing this with crypto. It's a buy and hold right?
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