The incoming President of the United States - who has majority in the House of Representatives and Senate as well as a 6-3 majority on the SCOTUS - said he plans to create a strategic bitcoin reserve that totals 1.0M of the 1.2M remaining to be issued. The United States government plans to buy an amount equivalent to 83.33% of the remaining bitcoin issuance. While there will be legislation, DJT has pledged executive action on Day 1.
The United States government is the most “respected” and credit-worthy institution in the world. You think they’re going to be the only ones vying for a piece of this bitcoin network.
The executive action is happening in 33 days.
Yet the price is down 10%+ today because the Fed effectively admitted defeat. They can’t stave off inflation without destroying g the economy. As Jack Dorsey said on October 23, 2021, “Hyperinflation is going to change everything. It’s happening.”
LOL! We’re so early. Well…at least 33 days early…