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Replying to Avatar Anon

My understanding is that the “buy more” must be done in a revenue neutral way. I guess Trump could try to sell gold and use the proceeds to buy BTC. But will he? Without congressional approval? It’s certainly possible but by no means a slam dunk. Maybe there’s some kind of US-owned stranded energy source he could use for mining, but that would take years to spin up and isn’t revenue neutral in the short-term.

I guess one bit of good news is that the seized Bitcoin he’s using to fund the SBR won’t be dumped on the open market. That’s a win.

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Ben Justman🍷 10mo ago

Sell gold? Nah. All they need to do is mark it to the market price on their books to unlock 800 billion in budget neutral buying power.

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