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re: Bitcoin & MSTR down big on reports that SCR will store existing Bitcoin, not purchase more
Posted on 3/7/25 at 9:12 am to Enadious
Posted on 3/7/25 at 9:12 am to Enadious
If you aren't a bitcoin fan it is because you haven't spent enough time to understand it.
EVERYONE that has educated themselves on it.......finally gets it; has it.
BTC at 100K today is way less risky than it was at any price prior to the ETF adoption. Since then, the financial world has finally come to an agreement. They all agree on one thing; that is finite and can't be leveraged against each other. That is why you see worldwide buy in, from sovereignties, state pensions, countries treasuries, the largest money drivers. And the ones that aren't allowed to buy BTC due to laws.....they buy MSTR.
If you don't want anything to do with it, great, move on.
Keep buying assets that really don't keep up with REAL inflation, buy liabilities or even worse put your money in a bank.
The rate at which the US prints money is about 10% a year which means that THIS is REAL base inflation, then tack on the stated rate of inflation that we know isn't calculated the way it used to be because that number would scare the shite out of people.
I just hope that at some point you become educated enough on the topic to figure it out while you can.
I'm going to go out on a limb and say that most people on this money forum are already in a pretty good place financially. The accepted thought is that you should probably hold about .2 bitcoin as a precaution. That isn't a lot of money, even if you don't understand it yet, you would do yourself a huge credit to get it, then figure it out.
EVERYONE that has educated themselves on it.......finally gets it; has it.
BTC at 100K today is way less risky than it was at any price prior to the ETF adoption. Since then, the financial world has finally come to an agreement. They all agree on one thing; that is finite and can't be leveraged against each other. That is why you see worldwide buy in, from sovereignties, state pensions, countries treasuries, the largest money drivers. And the ones that aren't allowed to buy BTC due to laws.....they buy MSTR.
If you don't want anything to do with it, great, move on.
Keep buying assets that really don't keep up with REAL inflation, buy liabilities or even worse put your money in a bank.
The rate at which the US prints money is about 10% a year which means that THIS is REAL base inflation, then tack on the stated rate of inflation that we know isn't calculated the way it used to be because that number would scare the shite out of people.
I just hope that at some point you become educated enough on the topic to figure it out while you can.
I'm going to go out on a limb and say that most people on this money forum are already in a pretty good place financially. The accepted thought is that you should probably hold about .2 bitcoin as a precaution. That isn't a lot of money, even if you don't understand it yet, you would do yourself a huge credit to get it, then figure it out.
Posted on 3/7/25 at 9:59 am to Philly Fanatic
Bitcoin is only down 2% today
And fwiw- I’m not a bitcoin fanboy. Just stating fact
And fwiw- I’m not a bitcoin fanboy. Just stating fact
This post was edited on 3/7/25 at 10:02 am
Posted on 3/8/25 at 7:46 am to SlidellCajun
More and more world governments are hoarding and buying Bitcoin. More and more corporations are hoarding and buying Bitcoin. More and more retirement accounts are hoarding and automatically buying Bitcoin every two weeks.
There isn't enough Bitcoin to go around. Million dollar Bitcoin is inevitable.
There isn't enough Bitcoin to go around. Million dollar Bitcoin is inevitable.
Posted on 3/8/25 at 10:09 am to tenderfoot tigah
Let’s just say for instance that the US owned all of bitcoin. What would it be worth?
Probably nothing
What the US is working on is digitizing the USD. It will be “crypto” in a sense. Blockchain will likely be implemented as they platform
The US is not going to adopt bitcoin as its currency. It’s doesn’t even make sense for us to do that.
Probably nothing
What the US is working on is digitizing the USD. It will be “crypto” in a sense. Blockchain will likely be implemented as they platform
The US is not going to adopt bitcoin as its currency. It’s doesn’t even make sense for us to do that.
Posted on 3/8/25 at 11:17 am to SlidellCajun
It doesn’t make sense to create a strategic reserve either. The newest pitch that it will be a digital sovereign wealth fund is equally absurd.
But, I guess once the US government owns crypto it will assume the responsibility to protect it against all threats foreign or domestic.
Honestly, the Norks are so good at stealing crypto, it’s surprising they don’t just create create a better alternative.
But, I guess once the US government owns crypto it will assume the responsibility to protect it against all threats foreign or domestic.
Honestly, the Norks are so good at stealing crypto, it’s surprising they don’t just create create a better alternative.
Posted on 3/8/25 at 11:48 am to lsuconnman
quote:
But, I guess once the US government owns crypto it will assume the responsibility to protect it against all threats foreign or domestic.
They already own crypto which has been seized from drug dealers, human trafficers, arms dealers, and other sub cultural users of bitcoin.
They can agree to hold it in reserve but imo, it makes more sense to sell it for US dollars and hold THAT in reserve. Heck, there’s lots of things that are better than bitcoin.
Posted on 3/8/25 at 12:05 pm to SlidellCajun
Exactly, which is why the entire concept doesn’t make sense. Every other seized asset is sold or destroyed. Yet the example in the press release stated how much money taxpayers lost because bitcoins were sold too soon. Yet with this reserve they will be held indefinitely….wouldnt it be better for the taxpayers if the government liquidates too soon and gets some money rather than nothing?
I also don’t think ownership is the focus, it’s the government’s legitimization of crypto.
Conversely, if crypto has legitimate value and the government has chosen to accumulate it…then it is expected that the government will take whatever action is needed to protect the value of its assets.
That’s my concern.
quote:
They already own crypto
I also don’t think ownership is the focus, it’s the government’s legitimization of crypto.
Conversely, if crypto has legitimate value and the government has chosen to accumulate it…then it is expected that the government will take whatever action is needed to protect the value of its assets.
That’s my concern.
This post was edited on 3/8/25 at 12:41 pm
Posted on 3/8/25 at 12:28 pm to lsuconnman
quote:
wouldnt it be better for the taxpayers if the government liquidates too soon and gets some money rather than nothing?
LOL.
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