⚡️If President Trump is serious about a strategic #Bitcoin reserve, a secret executive order to begin accumulating a large % of the Bitcoin supply makes the most sense. (nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs)
Discussion
Would they have to open a Coinbase account? And when going through the KYC, do they put the White House's address for verification? 🤔
This would mean no announcement for a while after he takes office. Probably means it’s a great time to stack sats while the price in fiat falls.
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Trump could sign an executive order to not sell the bitcoin that the US already holds. That’s NOT a strategic reserve, that’s status quo.
For a strategic reserve, congress would have to pass a bill. Congress controls the budgets.
Congress doesn’t pass ‘secret’ bills.
EOs cannot appropriate funds, the power of the purse lies with Congress. It would likely be a very loud debate and everyone would front run it.
It obviously would be extremely beneficial to conduct it in secret, but I just don’t see how this happens in practice.
Secret executive order... As long as the president is serious about something, that's cool.
Hodl, what's your guess how many bitcoins are in the float (bitcoins other than hodling)?
How many one nation can buy if they have all the money in the world