In the SBR EO, the Treasury can only buy Bitcoin in a budget-neutral way (not add to taxes or debt).

Turns out selling Fort Knox's gold for Bitcoin is actually budget neutral.

Reply to this note

Please Login to reply.

Discussion

So is increasing inflation so individuals sell.

🙃

I like the idea of selling the strategic cheese reserve for bitcoin

If I'm not mistaken the gold reserve isn't accounted for at the current gold-price value but using a very old price for gold.

So selling would re-evaluate it a at current prices too. That's budget positive. Very very positive.