Watch this play out over the next few months/year

The U.S. government doesn’t have nearly as much bitcoin as they want. In the grand scheme they have little. For them to be the bitcoin/crypto “capital of the world” they’re gonna need a lot more.

This is one reason I believe they’re not disclosing how much they have. And Bo Hines has made it clear they’re going to be buying. It’s strategic for them, and they *need* to lead in their minds.

So, do with that info what you will. Stack sats, stay humble, and don’t sell to the feds…

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I still haven't seen a serious plan for how they're going to buy more BTC in a deficit-neutral manner. And at this point 6 mo in, I'm guessing they've got bigger fish to fry than pleasing the "Bitcoin base."

Best case scenario: they don't *start* any new major prosecutions or regulatory actions, and maybe we get some good bills through Congress if they don't fall to partisan sniping...

But I'm guessing the much-vaunted "Bitcoin strategic reserve" is still just a sticker they paste over "all the BTC we seized from people."

I still want to see them executing a buy. I’ll believe it when I see it.