Okay so where do the coins come from? Confiscation, taxation and inflation?
Having the government pump your bags won't come without a cost, just like having the government do anything!
https://cryptobriefing.com/bitcoin-reserve-asset-following-trump/
One way to look at it:
They are going to spend the money anyways. Via inflation, taxations, theft.
Arguing they shouldn't spend is pointless. Never going to happen. Arguing they should at least spend some of it on a valuable global asset for the future of the security of the nation seems better than a shitload of $35,000 toilet seats.
I'm not arguing that they shouldn't spend, they can do what they like its their currency to use, and they're not going to stop inflation ever, I'm just asking how they plan to get the Bitcoin?
One would be to go compete with the market and mine and secure the network, but why do that its hard, its complex, confiscation and taxation would be a lot easier
Buying up with inflation is a possibility, but there's so many programs that will want their piece first I doubt that the 35k toilets still don't happen even with an SBR, I think if they do do it via inflation its just a tacked on expense to everyone using fiat
Perhaps.
It's also peanuts to them. They could buy saylors stock in 2% of a normal monthly bond auction.
How about cutting government waste…. Department of government efficiency , shave 2 Trillion off, put it into Bitcoin.
👏 I haven’t heard anyone talk about the unintended consequences of this policy. Every is like NGU yay! 🤔
