Game Theory. https://bitcoinmagazine.com/politics/russian-state-duma-deputy-proposes-strategic-bitcoin-reserve
Discussion
I’m about ready for the “theory” to turn into action. Lots of talk…talk is cheap.
You gotta talk about it first 😂 But yes, I agree actions are louder than words.
Who can ban it?
никто
🤔
Ah. I gotchu.
So much game theory is playing out right now.
It looks like nation states & corporations have both realised that they're playing the Bitcoin game.
I wonder what happens next?
So far it's a lot of talk. Once actions start following, things are going to get a bit wild.
400k - $2M incoming if all these countries do start reserves. 👀
If the USA and Russia do a national reserve, we may just see an omega candle like nostr:nprofile1qqsvnvvlln2ru6jlyweayugxecv7ftfdlzd6zqca63sh7x6ercggjegpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq32amnwvaz7tm9v3jkutnwdaehgu3wd3skueqpp4mhxue69uhkummn9ekx7mqsu0f2w predicts.
I don't think it's a prediction anymore.
It's coming.
One last dip to 80k area and were off to the races as this will be the entry they all start buying, imo.
Honestly, we should be seeing Omega candles when nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m buys. If he is buying 10k, 20k, 50k bitcoin smash buys, then that dwarfs the impact of the ETFs to date. And when the ETFs have inflows of ~5k BTC the price action rips.
Something is weird on that front. As a shareholder, I’d like to see proof of reserves from MSTR.
I believe he buys over the course of several days to not make the price rip and also both spot and over the counter. But I do agree, a Proof of Reserves would be easy for Microstrategy to do.
MSTR shows no proof of reserves because they hold 0 bitcoin. Not your key not your coin. They claim to have an account at Coinbase. Coinbase does not do proof of reserves.
Now his entire thing is driving up his stock price for bitcoin IOUs, fiat as fuck.
How does anyone still think of Saylor and MSTR as symbols of bitcoin knowing those facts?
"There is no second best... Now, buy my stock it's your second best option."
Facts. Lol
He is already calling it bitcoin with higher volatility. Short step from here to calling it better than bitcoin.
Right now I've seen him say "if you want the higher vol"
"better if you want higher vol" or something similar is right there.
Lol
Of all the big financial players, Fidelity could probably do this most seamlessly.
I’d speculate that, in the future if the ETF becomes redeemable for actual corn, they are also positioned to do this most seamlessly.
Fidelity holds their own keys. If you have $ stranded in tax leveraged accounts FBTC would be my first choice for exposing them to bitcoin.
It's crazy until someone else does it.
MSTR & El Salvador were the crazy ones.
Seems to be working out well for them.
I can't believe it's taken others so long.
Bitcoin should be worth $500k right now.
I don't believe the bitcoin game theory model.
Game theory assumes actors understand the game they are playing. In prisoners dilemma, the participants are told the 3 sentences they face given different actions by their confederate.
None of these government actors threatening reserves get it. If they got it they would just act not posture. Bukele was just playing games to tweak the nose of the IMF for a more favorable deal, now proven by his new agreement.
Bhutan had mined and was hodling thousands of bitcoin before the world found out. The only government that maybe gets it.
gradually then suddenly