When you are the administration, this already guarantees that the existing balance won’t be sold. There are countless ways to enforce this quietly without issuing an EO. Telegraphing it with an executive order on Day 1 significantly moves up the market, which erodes your first-mover advantage. I don’t understand this playbook.
Wouldn’t it initially be to ensure we don’t sell any of the existing balance first? And then do silent exec order to add to position over time without letting everyone know
nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs had a great take on the game theory of this on recent podcast too
Discussion
I agree, stealth accumulation would make the most economic sense especially since other jurisdictions have been likely considering the same. But a public announcement of SBR credentializes #bitcoin in a way I personally never thought was imaginable until recently which is pretty exciting!
In the short term, sure, it’s great for all of us... let’s ride the wave and pump our bags. but in the long run, i would’ve approached this more strategically. like you said, a stealth accumulation would’ve been the smarter play. i still think there are some sharp ppl there who would advise a better approach.