TREASURY SECRETARY SCOTT BESSENT SAYS THE U.S. WILL **NOT** BE BUYING ANY BITCOIN
THEY WILL HOLD THE $15-$20 BILLION IN BITCOIN THEY ALREADY HAVE AND CONFISCATE MORE
WEIRD, BECAUSE I WAS PROMISED A STRATEGIC BITCOIN RESERVE
MAKES SENSE WHY BO HINES RESIGNED NOW, EH?
SEND IT BACK TO $58K
You clearly didn’t vote hard enough
Strategic Reserve is Fake and Gay
Good
Yeah me too. Definitely not buying any more of that. 👀
Called it. All of this was super obvious before Trump even got elected.
It's funny because that's exactly what someone who was going to buy it later at a lower price would say.
Weird. It's almost as if people shouldn't put hope in politicians and what they say. Who would have thought?
Confiscate more… you mean „steal more“
Microstrategy and others: are you ready?
Coinbase will hand you out on silver plate if pressed
Why buy more bitcoin when you can just pump & dump $TRUMP and $MELANIA, and confiscate (steal) other people's bitcoins?
Calm down everyone. This is not new news...
Am I the only none who remembers, from the start, they said they wouldn't be buying new coins? When they were hammering out the SBR they said it would come from existing confiscated coins. They've never deviated from that.
"Strategic Bitcoin Rosserve"
No? I'm the only one who remembers that meme?
Ghey
One day or another, somehow..
Seems inevitable at this point. Either that or Strategy essentially become the new Fed.
Nailed it.
I've wondered about this also. The fastest way for the the gubmint to get 1 mil BTC is to buy/confiscate someone else's. Strategy is creeping up on that 1 mil coins that they want.
Ahahaha
Oh yeah totally, they are not gonna re-evaluate gold and don’t care anymore about owning any bitcoin. Come on we all know how they operate
Is there a surprise here or something?
wait wait, trump lied about something for votes and then didn't follow through?
get. the. fuck. out.
TDS on nostr too? Like him or not Trump signed the executive action to create a bitcoin strategic reserve, and now we have one. He never promised to buy bitcoin.
What's the point of a reserve one doesn't fill? I'm going to create an oil reserve for national security. Here's a bunch or empty containers and a few full ones we already had. Promises kept. Lol
The derangement at this point lies with the people who still buy his bullshit.
There are around 200,000 Bitcoin in the reserve. Are you alright? Might be time to log off and get some fresh air.
I think I made my point pretty clear for anyone who has a couple brain cells to rub together.
But I'll break it down further. Let's say a kid has ten crayons. He wants more crayons, so he takes an empty jar and labels it "Crayon Fund." He adds nothing else to the crayon fund but tells everyone he created a crayon fund. He still has ten crayons. What the fuck did he actually do?
That's all Trump has done with the Bitcoin reserve. He took what we already had and called it a reserve. Great, but that doesn't mean he acquired anything. It sounds good. But it doesn't actually change anything until something more is added to the fund. It's a fun little way of jerking yourself off and not much else until that point. It's a very easy way of making idiots think you did something great without actually having to do anything of substance.
Will something of substance eventually happen? Maybe. But I haven't seen anything real yet. Just talk. I'm happy to be proven wrong. I'm imperfect.
Why does my gut say they tell us they are ‘not buying’ while secretly doing the opposite.
So, When has the government lied….
This is good news
Bessent is eyeing Michael Saylor’s stack for his Startegic #Bitcoin Reserve
nostr:note15z5gn42dhp9lk2kghsaqhknma56uygwf5vx57725dvhh0k7mk4pq9eml6v
Very much a possibility
Why bother when they export inflation through treasury backed stable coins?
Just stop using the dollar.
Oh the government is willing to steal something rather than pay for it? I'm shocked to the core 😐
The next question should be: why not buy bitcoin?
And we get a big pharma boom..
Wonder what the 3rd piece of bad news is?
In other words, get ready for a 6102 scenario sometime soon.
Power to the people.
Ha! The pro bitcoin president said no more buying. Ha!
"...we're not going to be buying it, but use confiscated assets and continue to build that up..."
Still rooting for that Strategic Bitcoin Reserve? Idiots.
His entire campaign can be summed up right here.
This is worse for them.
Wow politicians played politics ? shocked !
Even Trump said they were gonna do this method with the reserve multiple times. Matter of fact I’m pretty sure he said this at the conference too. Maybe with Bessent saying it this will lock it in that this is what they’re doing.
Would recommend this discussion.
Not bad commentary for the present environment.
send it back to 118k you mean
The treasury isn’t even real.
Why would they, they have their back up aka Tether which will be backed by BITCOIN entirely one day.
Good. Fuck the government
Now he has kinda walked that back. Just an hour ago he talked again about budget-neutral ways to acquire more
https://x.com/SecScottBessent/status/1956080030137626887?t=T6BQHQykoZNyTkG90V5aMA&s=19
Confiscated is a euphemism for stolen
When they realized they can’t just print more.
Wall Street calling the shots now
6102
Bessent is a rube
Send it so I can stack sats cheaper
Budget neutral pharmaceutical boom im my crystal ball
That's weird because they've been so honest and transparent about everything else..............
As a Bitcoiner I don't understand the Trump hate.
Does he lie to get votes like every other politician? Of course.
Has he mostly left Bitcoin alone during a critical growth period? Absolutely yes.
nostr:nprofile1qqsvfr3f7p95stxqrjslnmuvsmhcxxxqt8swjdfjx5tz7zq0yms5cygpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqzynhwden5te0danxvcmgv95kutnsw43qudhcug - Would Bitcoiners be better off had Clinton and Harris been elected instead? I'd say pretty objectively not based on the Biden presidency.
Of course, don't trust any politician but there is the way things ought to be and the way things are. In the United States as it currently exists with a two party system, I'll take Trump over any of the other recent options.
