Game theory in action:

- Trump says the USA should prevent China from dominating BTC

- Hong Kong official announces exploring holding BTC reserves

- Russia announces BTC payments (presumably to acquire BTC by selling oil)

Reply to this note

Please Login to reply.

Discussion

Something about dominoes falling 🤔

I can honestly say I didn't think of this impact

Thats right. Its not strategic if you announce it before doing it

Who knows, perhaps it is a desired outcome, and even expected one, a calculated move, and worth a price. What is the price without a desire to buy more anyway?

If one man can flip the dynamics so broadly, across the world in 1h speech, it tells you quite a lot. It is a flash of the social power

Interesting times.

For every positive bitcoin announcement one may expect that there has been a study period in advance combined with silent stacking. Only when participants are ready for a price increase will they announce bitcoin adoption plans. (This tells us nothing of near term price movements, but gives us some insight into what has been going on in the background)