Good Morning. Luckily they will never discover a Bitcoin reserve somewhere all of a sudden. There will only be 21 Million. Stay humble Stack Sats
Discussion
True, but China first has to mine it out of the ground. And they wonβt sell it into the market. China has diamond hands when it comes to gold.
They better get some Bitcoin in case it catches on and Diamond hands that.
Trump better get moving before China builds their BTC reserve first, or thr US is cooked. We live in interesting times!
And then we win πͺ
There's also a finite amount of gold on Earth, but we don't exactly what it is. That's really the only difference in this context.
Right but the more lucrative it is go go looking for new deposits, the more likely they will employ more and more technologies to find new veins. Deeper and deeper... Way. Way down.
Game theory-wise, why would china disclose this? Part of the value (a lot of the value) is based on scarcity. Making people think itβs more scarce than it really is should be attractive?
Yeah, very true, disclosing is a bad idea. The only way it makes sense is that they want the price to drop so they can buy more, meaning they are over-inflating what's in the reserve they discovered.