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President Trump signs crypto executive order to create a national digital asset stockpile
Posted on 7/21/24 at 9:52 pm
Posted on 7/21/24 at 9:52 pm
If this is comes to fruition, BTC is going to be the fastest appreciating asset on the planet for a second decade in a row. I hope everyone is loaded up on Bitcoin.
Original post ^
New info:
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If tweet fails to load, click here. Original post ^
New info:
Twitter Link
This post was edited on 1/23/25 at 7:52 pm
13
Posted on 7/21/24 at 10:28 pm to tenderfoot tigah
I have no idea whether this is pump and dump nonsense or whether Trump would actually plan to do such a thing, but regardless, genuine question:
What purpose would a digital asset reserve serve for the United States? Hard asset reserves (e.g. oil) make sense from a strategic utilitarian perspective, but a digital reserve I just don’t understand even as a hypothetical.
What purpose would a digital asset reserve serve for the United States? Hard asset reserves (e.g. oil) make sense from a strategic utilitarian perspective, but a digital reserve I just don’t understand even as a hypothetical.
Posted on 7/21/24 at 10:32 pm to Joshjrn
start from page 1 TD Crypto Thread
This post was edited on 7/21/24 at 10:34 pm
Posted on 7/22/24 at 3:56 am to Joshjrn
JD Vance holds a large amount of Bitcoin. Bitcoin is digital gold and many countries and large corporations are holding Bitcoin as a store of wealth. Bitcoin is also seen as a tool for financial freedom because it cannot be shut down or controlled. Trump is speaking at the Bitcoin conference in a few days.
Posted on 7/22/24 at 5:07 am to tenderfoot tigah
quote:
Bitcoin is digital gold and many countries and large corporations are holding Bitcoin as a store of wealth. Bitcoin is also seen as a tool for financial freedom because it cannot be shut down or controlled.
Bitcoin and other cryptos have many positives, but very few advocates talk about the risks, as they would with most investment classes they discuss.
Bitcoin is not digital gold. It isn’t. It is its own asset category.
I know of one non-crypto company that has a sizable position in Bitcoin (MicroStrategy) …. haven’t heard of many others.
Bitcoin, and all cryptos …. cannot be shutdown or controlled? Dunno, … the US govt doesn’t need to control individual cryptos if they control all the authorized Exchanges in the US … and they do.
In order to achieve the “freedom” of transacting crypto (in the near future) without prying eyes, you’ll need to establish a foreign-based exchange account. Not difficult to do, just a pain in the arse.
Countries with legitimate Reserve Treasury buy physical gold or treasury instruments …. they don’t speculate on crypto because they are risk adverse.
This post was edited on 7/22/24 at 5:11 am
Posted on 7/22/24 at 7:26 am to tenderfoot tigah
quote:
JD Vance holds a large amount of Bitcoin. Bitcoin is digital gold and many countries and large corporations are holding Bitcoin as a store of wealth. Bitcoin is also seen as a tool for financial freedom because it cannot be shut down or controlled. Trump is speaking at the Bitcoin conference in a few days.
None of that matters to the nation state that can create more of the world’s reserve currency out of thin air.
Posted on 7/22/24 at 7:27 am to tenderfoot tigah
Crypto Bros wet dream is that the government comes in and pumps their bags. We have come full circle.
It's funny that they think Trump will actually do this, when he had completely slammed Bitcoin and other crypto in the past.
Funny when he needs their vote he changed his tune
It's funny that they think Trump will actually do this, when he had completely slammed Bitcoin and other crypto in the past.
Loading Twitter/X Embed...
If tweet fails to load, click here. Funny when he needs their vote he changed his tune
This post was edited on 7/22/24 at 7:30 am
Posted on 7/22/24 at 7:36 am to tenderfoot tigah
It will be rebranded as Trumpcoin
Posted on 7/22/24 at 7:53 am to Deplorable Duke
quote:
It will be rebranded as Trumpcoin
Now that is what I can see him actually doing
Posted on 7/22/24 at 3:49 pm to UltimaParadox
It's amazing how early we are in crypto. When this many people on a financial message board know so little about Bitcoin.
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Posted on 7/22/24 at 3:49 pm to tenderfoot tigah
Posted on 7/22/24 at 3:54 pm to cadillacattack
quote:
Bitcoin and other cryptos have many positives, but very few advocates talk about the risks, as they would with most investment classes they discuss.
Bitcoin is not digital gold. It isn’t. It is its own asset category.
I know of one non-crypto company that has a sizable position in Bitcoin (MicroStrategy) …. haven’t heard of many others.
Bitcoin, and all cryptos …. cannot be shutdown or controlled? Dunno, … the US govt doesn’t need to control individual cryptos if they control all the authorized Exchanges in the US … and they do.
In order to achieve the “freedom” of transacting crypto (in the near future) without prying eyes, you’ll need to establish a foreign-based exchange account. Not difficult to do, just a pain in the arse.
Countries with legitimate Reserve Treasury buy physical gold or treasury instruments …. they don’t speculate on crypto because they are risk adverse.
I'm not sure a single thing you wrote is accurate.
Google "Bitcoin digital gold" and report back on your findings. You really have to be oblivious to not know this.
Google corporations that hold Bitcoin. There are many big ones like Paypal, Tesla, Microsoft, etc.
I can send crypto to whomever whenever I want and there is nothing anyone can do besides shut down the internet itself. Bitcoin and Ethereum are decentralized globally. Give me an internet connection and you can't stop me.
The United States is already the largest holder of Bitcoin on the planet. It would be nothing for them to move the Bitcoin they already hold to the Treasury Department. In fact, it would be smart to do so. Why wouldn't they do it?
Posted on 7/22/24 at 4:21 pm to tenderfoot tigah
quote:
Bitcoin is also seen as a tool for financial freedom because it cannot be shut down or controlled.
In a theoretical sense.
The US Government could make it pretty fricking difficult (and risky) to translate BTC into anything of tactile value.
So you could have this digital asset that's worth money in a theoretical sense with no way to translate that into USD, and since BTC stopped being viable as a means of currency once it became a store of value, the applications for spending it are limited (and would likely become illegal and become very rare for US customers in this scenario).
Posted on 7/22/24 at 4:27 pm to tenderfoot tigah
pump bs alert
Posted on 7/22/24 at 4:36 pm to tenderfoot tigah
quote:
The United States is already the largest holder of Bitcoin on the planet. It would be nothing for them to move the Bitcoin they already hold to the Treasury Department. In fact, it would be smart to do so. Why wouldn't they do it?
Dude, you’re dreaming, just let it go
Posted on 7/22/24 at 4:39 pm to tenderfoot tigah
quote:
It's amazing how early we are in crypto.
I haven't heard this in a few years... Must be another cycle in crypto.
We are so early Bitcoin been around 16 years and it's only use case is hope number go up.
I'm sure the crypto Bros will show me a chart how it's like the early Internet.
Actually haven't seen that in a few years either. Lately the only thing in crypto is pumping bags due to halvening and ETFs.
Clearly the new pump is Daddy govt
Posted on 7/22/24 at 5:33 pm to UltimaParadox
Trump really triggers you ppl 
Posted on 7/22/24 at 9:27 pm to tenderfoot tigah
quote:
I can send crypto to whomever whenever I want and there is nothing anyone can do besides shut down the internet itself. Bitcoin and Ethereum are decentralized globally. Give me an internet connection and you can't stop me.
Respectfully, I believe you may be investing without considering the risk … a false sense of security …. just my dos centavos…
quote:
March 27, 2022 – within the interview [05:44 prompted], Senator Warner outlines the western approach toward Russia using cryptocurrency as a method to evade sanctions.
Notably, Warner outlines that U.S. intelligence/U.S. Govt has control over U.S-based crypto exchanges and they are working with ‘partners’ in the financial sector to mitigate the use of crypto exchanges by non-U.S. actors.
Posted on 7/22/24 at 10:50 pm to tenderfoot tigah
Sure, the US is the largest Bitcoin holder, …. but it isn’t because the US Govt ignored risk and “invested” in crypto …..
quote:
The United States government holds 69,640 Bitcoin following several FBI legal seizures (Forbes) Most of this amount (56%) comes from the FBI’s legal seizure of Silk Road’s founders. (Dune)
El Salvador – which began accepting BTC as legal tender in 2021 – holds 2,473 Bitcoin in its wallet. (Forbes)
In terms of retail users, two out of three BTC owners (66%) come from emerging countries. (CoinShares)
Norway has a 2.14% in MicroStrategy (MSTR) through the Norwegian Sovereign Wealth Fund. Considering MSTR’s 158,400 BTC, Norway indirectly owns 3,390 BTC (Coinfomania)
This post was edited on 7/22/24 at 10:54 pm
Posted on 7/22/24 at 11:01 pm to tenderfoot tigah
“Digital gold” ?
Difference between gold and BTC according to Money:
https://money.com/gold-vs-bitcoin/
Difference between gold and BTC according to Money:
quote:
When it comes to gold and bitcoin, no two assets could be less alike. Gold is a physical asset that served as the basis of international currency for hundreds of years.
Alternatively, bitcoin is a recently developed cryptocurrency whose value is based on the perceptions of those who buy and sell it. The two are uncorrelated assets, meaning the price of one has no impact on the other. Gold, for example, is correlated to the U.S. dollar: When the price of the dollar increases, the price of the gold usually decreases, and vice versa.
But with gold and bitcoin, there’s no correlation.
https://money.com/gold-vs-bitcoin/
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