Something I just realized... Why do people care if USA has a bitcoin reserve? As RFK said USA has 19% of the world's gold reserves already. Even if they could get 19% of bitcoin why would it change anything on how they manage the fiat printers..? #bitcoin
Discussion
USD fiat printing privileges are ending. Will not last forever. If the US were to sneak in at the end here and print to buy Bitcoin they could swap a dying fiat for actual money. And in doing so position themselves to be dominant in trade and nation state nefariousness going into the new paradigm.
Good point... Still they have so much gold and it's not helping them...
Because they have the printer. But as nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak has pointed out, US gold reserves do give their fiat a derivative credibility. Itās not ābackedā per se but they do (ostensibly) have that gold which is a derivative backing.