The language from the EO signals that the stockpile will be established via assets we already hold, rather than actively accumulating them.
Simply formally classifying what we already own as our 'National Stockpile' rather than actively accumulating new assets.
I'll take it honestly. the less governments have and the more in the hands of individuals the better. and even so, what happens if/when the nation with the global reserve currency prints money to buy bitcoin? This whole fiat game collapses instantly... many will probably be all excited about this, but I don't think we are ready for that transition just yet. a gradual adoption would bring much less pain
In my view the use of the word “potentially” means that it’s possible to use assets seized as part of the stockpile. Not that it’s the only source. I think what most are failing to acknowledge is that Senator Lummis has been named Chair of the subcommittee in charge of exploring the stockpile possibilities. She is 100% Bitcoin and even posted about her new position and the view to establish the US as the Bitcoin capital of the world.
Fair point. Let's hope for the best.
Why haven’t Bitcoin advocates realized that cryptocurrencies are competitors to the dollar’s apex dominance in global finance? No reasonable U.S. government—regardless of political party—will allow Bitcoin to have any official currency function beyond being treated as a commodity, like gold. Moreover, Bitcoin doesn’t even offer true anonymity, which is why the U.S. strongly opposes mixers and tumblers. The strength of the U.S. lies in the dollar, not its military, and nothing will be allowed to undermine that.
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