It’s funny to me that people believe that multiple nation states haven’t been mining and purchasing bitcoin for years. It’s hysterical that people believe it’s only El Salvador. Only a fool believes the US only has the 200,000 seized coins. The real “price” is minimum 50X right now. Just my opinion. I just don’t believe they are so far behind in the knowledge game.
Discussion
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Interesting take!
In case it'd be so, I guess the main incentive to not disclose those Bitcoin holdings has been for years to avoid sharpening more institutional and State appetites towards Bitcoin, that would have triggered a price hike. But is it still the case? With the Bitcoin Strategic Reserves and BitBonds having become the "cool topics" of the year, I'm wondering what factors would refrain so many nation States to proudly proclaim their new "Bitcoin Power"?
And as we've seen recently, one of the most advanced industrial nations' States, Germany, has gotten rid of its BTC as fast as it could.
Imho, 99% of political "leaders" have been brainwashed since they were born with the fact that currencies are State minted artifacts. and they see anything else as being a scam or a threat.
I deal with 100’s of random people from all over the world daily and people are NOT talking about bitcoin. It’s still such a small percentage of the population. The state players definitely do not want a massive run up because they will have to chase causing massive inflation which would destroy the majority of their citizens.
Although a massive run would benefit a state actor that’s got a bag and pay off massive debt and in turn lower its citizens taxes to maybe zero.
Or even pay its citizens depending on the bag….
Sure thing!
I'd be curious to know, however, under which legal figure the Treasury - or any other US Federal State entity - would currently be holding Bitcoin in a "stealth" fashion.
The most probable hypothesis, imo, is that the US government and the EU will seize almost all custodied bitcoins during the coming financial collapse (eventually paying them, but with a substantial discount), and try and get their hands even on the self-custodied ones, to handle them over to the CCP's (Central Clearing Parties). That "power of the Law" allows them to not have had to stack any significative amount of sats up to that future citizens & companies expropriation. 1933 & 2020 showed us they're perfecty capable of doing that.
DOD buys secret shit all the time. Hence their never balanced never audited budget.