Investors were expecting an SBR with ongoing buys but instead, they just got an SBR. Itās like going into McDonaldās and ordering a Royale with Cheese and they end up giving you just a plain Royale. Sure, a Royale is worth something, but youāre not going to pay as much for it without the cheese.
Discussion
They got an SBR with a directive to buy more
My understanding is that the ābuy moreā must be done in a revenue neutral way. I guess Trump could try to sell gold and use the proceeds to buy BTC. But will he? Without congressional approval? Itās certainly possible but by no means a slam dunk. Maybe thereās some kind of US-owned stranded energy source he could use for mining, but that would take years to spin up and isnāt revenue neutral in the short-term.
I guess one bit of good news is that the seized Bitcoin heās using to fund the SBR wonāt be dumped on the open market. Thatās a win.
Sell gold? Nah. All they need to do is mark it to the market price on their books to unlock 800 billion in budget neutral buying power.
how is it a win that the open market won't be able to buy those 200k coins?
Wait, did you expect to be able to?
no.
but i didnt expect bitcoiners to celebrate it as a win either.
Really? They started capitulating and you think it's a loss?
wut?
who is capitulating?
Bruh. The government went from trying to shut down Bitcoin companies to admitting that they need bitcoin in 2 years.
That's capitulation
cool
i don't care what the government thinks.
They care about you though, which for most people makes that last statement of yours a risky choice