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WTF is this proposal to accomplish? Buy 1 mil bitcoin with fiat first and then sell it to serve ever increasing fiat debt? So they wanna hodl it, wait for an increase in in fiat price terms and then sell it to whom - other countries for dollar, other countrie's fiat or to their own citizen or to whom? How does this decrease debt, the amount of dollar worldwide stays the same, right? This is fucking nuts, they haven't even thought about that, they just wanted to quickly please the gullible crowd with the big words of a "bitcoin reserve". It's the same old old: keeping the dollar system "intact" and superior.

Satosha 1y ago

they don't need to sell the bitcoin to pay off the debt .. I mean that they can do that simply by printing more dollars 😄 .. that situation will never come though ..

the idea here is to leverage the scarcity of btc .. if USGov hoards btc ( without revealing to the market ) the price of Bitcoin will go up cuz of a new natural buyer .. but it will shoot through the roof on the news ..

if such a thing happens - one million Bitcoin will serve as asset to balance 30 trillion dollars of debt ..

btw Russia and China are already doing it - instead of btc they are buying Gold .. works eitherways .. but btc being new has greatest potential of exponential rise ..

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