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I don't think the US gov will be able to buy 1 million #bitcoin , even if they pass the bill and try.

They'll have to choose - steal it from the ETFs ;

Or sell their stolen land for btc.

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nicodemus 1y ago 💬 2

I dunno, it seems doable.

They already have much of the Silk Road coins, I believe. I’ve seen estimates around 200K+.

And then they could totally 6102, framing it as a matter of national security… especially with Putin’s latest remarks.

Then there’s the interesting angle that, if they print to buy, the price goes up due to more coin being locked up AND monetary debasement. Being first in line at the printer (and the Cantillon Effect remaining as relevant as ever), they’d be good. Owning the coin might even negate the credit issues that stem from debasement.

And then I wonder if they couldn’t use printing + slippage to arbitrage a bunch of the interest on their debts.

Ironically, it could even bolster the usage of the dollar amidst Eurodollar nations.

There’s a lot of games these assholes could play.

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Discussion

AC 1y ago 💬 1

I saw something recently regarding activity with those coins being moved to Coinbase. Speculation is that the Biden admin might be preparing to sell. Would be appropriate given the track record of the lame duck.

Comte de Sats Germain 1y ago 💬 1

It wouldn't surprise me if they sell it all before Biden leaves. I hope they don't... But they seem to have the same mentality as the Nazis losing ww2 - knowing they lost, they accelerated their genocide, even diverting resources from the war to do as much destruction as possible. Very socialist mindset.

AC 1y ago 💬 1

I hope they do. That would give plebs more sats per federal reserve note. Bitcoin will always move to the strongest hodlers.

Comte de Sats Germain 1y ago

Yeah, but having none right before trying to have 1 mil could also put those plebs in danger. These are violent people...

AC 1y ago

They're more scared of us than we are of them. The perception of control is a thin line to walk.