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Where will the US Government get the money to buy bitcoins for the Bitcoin Reserve? As long as its expenses exceed its income by $2 trillion, the Government can only buy bitcoins in two ways: a) by not paying off its debts, b) by printing money out of thin air. If it starts printing money, not only the price of bitcoin will rise, but also the prices of other goods. So instead of celebrating the Bitcoin Reserve, we should think about the consequences.

#bitcoin

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Discussion

Emperor Kuzco 9mo ago

Bitcoin is for everyone, personal reserve, company reserve, state reserve, or national security reserve.

Most (probably more like all) of the current close US Executive administration is long time Bitcoin owners and miners. They walking in prepared with as many strings cut from the Federal Reserve so they are free from their control. So much has already been done and will take years for the public to understand.

As Bitcoiners we all knew this was going to happen. It was only a matter of time.

Wizdumb 9mo ago

There are several other ways/options being explored. The proposed Lummis bill outlines some details of possible acquisition strategies. It’s been introduced and available to read online.

Ajax 9mo ago

Hilarious when the Potus announced a “sovereign wealth fund”. In places like the Middle East and Asia, where such funds are popular and make sense, it’s because their receipts exceed their expenses by a very wide margin. Tell ya what, Trump you little shit, let’s balance the books first and then work out where to store our extra cash, ok?