🇺🇸 Senator Lummis says she wants to give the Federal Reserve the authority to own Bitcoin.
"I want our federal government to have a Strategic Bitcoin Reserve - buying 200,000 $BTC a year for 5 years, and holding it for 20 years."
Discussion
Well they better hurry.. at this rate there literally will not be 200,000 BTC to buy every year
My thoughts exactly. I can't help but think one day everyone holding is just going to borrow against rather than selling and the few days you can get will be a couple hundred at a time. Then fiat will debate like it was bound to do anyway. At that point, the only thing left will be 🌽
This is stupid tho. Just end the fed. Why do we need them in the first place if we already have the greatest money that has ever existed?
Yea I do not care for the Fed a private bank to own Bitcoin and benefit from it.
Just so they can keep waging war against non-compliant nations. They shouldn't exist and only do because of extortion. Either she's being careful not to suggest getting rid of them out of fear for her life or she's a RINO.
Bitcoin was created to End the Fed not have them owning it to benefit from it to stay in control.
Feels like plebs holding is the real line of defense against that happening. I'm actually a little sad every time someone sells. Even if it's to live a better life. This movement is bigger than creature comforts.
A lot of long term holders have been selling this cycle. Going straight into the suits hands sadly. I agree the sats are safer in the plebs hands.