David Sachs announces Trump signed an Executive Order establishing a Federal Bitcoin Reserve.

Bitcoin traders act accordingly.

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now SELL for no reason!

It’s already priced in sell the news 😂😂. Degens.

So they wont sell the coins they stole?

Hell, I don't know. I don't trust anything at all anymore.

That’s the goal.

Honestly disgusting. This only creates a huge incentive for more digital asset forfeitures

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Yes, and they seem to be including the recovered 60K bitcoin from the Bitfinex hack which some "officials" have said they are to give back.

tangent -- it was only recently that i realized david sacks was the guy who produced Thank You For Smoking. great film, watched it in college, it glorifies how far bullshit can get one in life.

Perhaps shitcoiners like david sacks think of themselves as the smooth-talking lobbyists getting their way, afterall what harm can cryptos do compared to everything else out there -- nihilistic to the bitter end since it was all meaningless

bitcoin makes me see the film differently now

Non-custodial bitcoin is secure against civil asset forfeiture.