When Michael Saylor was asked what if the government confiscates our bitcoin because it’s in the ETF or with a Bank intermediary custodian, his answer was effectively, “they only took the gold because we were on a gold standard. We’re not on a bitcoin standard.”
1792. US adopts Gold Standard
1933. US takes our Gold for nation
1934. US makes a Gold reserve.
1971. US abandons Gold standard
2008. US wrecks the Dollar
2009. Bitcoin is launched
2020. Bitcoin is rescuing us
2024. US seeks Bitcoin reserve.
…
Alarming to anyone else?
If it’s mandated to fill the reserve and they somehow cannot fund the purchase, how do you think the headlines will read when they tell us they need to fill it with ours?
History.
On repeat.
Throughout the ages.
We are the same creatures.