I don’t see any serious critique of his comments in the comments of this note.

I don’t think he’s wrong on many points.

- there will absolutely be people cashing out

- bitcoin price could absolutely tank if blackrock or any big party decided to sell off (very possible)

- 1 million bitcoins is a significant portion of the total that would have an impact on overall fiat value up or down depending on events that unfold

What I have issue with:

I doubt any tax dollars would actually be used to purchase this amount of bitcoin.

100b may sound like a lot but it’s still peanuts in the grand scheme of demonetization of other assets.

There would be no need for bailouts unless BlackRock and friends forked but the network decided to sell them off. In this case you might have a need for bailouts. nostr:note16f76suqdw4g6evv6ayvhn6dfddfrkvhagfvfneyz7wq8z86y9eusgwgwka