I just read the EO for the reserve and honestly it sounds fantastic. I don’t know what everyone is frowning upon. 

The fact that that is no buying happening is probably a good thing since this is being put into a single basket with shitcoins. You don’t want the public to get angry (rightfully) for utilizing tax payer money to buy shitcoins. That would be a PR disaster for bitcoin by mere association. 

This is like the first time we have had any positive press from the White House that paints bitcoin in positive light and that is huge. I’m actually glad they are not going to buy any further bitcoin at the moment because I don’t want them to have any. This gives us more time to stack, for natural adoption to take place to hopefully severely limit the available bitcoin for the reserve, should the time come to buy.

It’s unlikely congress would approve of any such spending anyway, so it’s weird that bitcoiners expected there to buy purchasing going on. Though, this EO DOES spell out that there will be a review of strategies to acquire more: 

“(c)  The Secretary of the Treasury and the Secretary of Commerce shall develop strategies for acquiring additional Government BTC provided that such strategies are budget neutral and do not impose incremental costs on United States taxpayers.” 

This is the correct path I believe, unless that acquisition involves civil forfeiture (which it could… and I don’t think anyone would be happy with that).

Trump established both a Bitcoin Strategic Reserve and a broader Digital Asset Reserve through an executive order, but rather than actively purchasing assets for these reserves, the government is more likely to hold seized digital assets on its balance sheet.

This approach suggests a strategic shift; recognizing Bitcoin as a valuable state held commodity without direct market intervention.

By holding confiscated assets rather than accumulating through purchases, the government can benefit from potential appreciation while avoiding direct competition with private investors.

This policy underscores a growing institutional acknowledgment of Bitcoin’s role in global finance, hinting at its inevitable integration into sovereign reserves over time.

They may not be stacking but they will be holding.

Let's level set here.

1. Trump has been better for #Bitcoin than Kamala would have ever been.

2. A #Bitcoin Reserve is now it's own thing, separate from the Strategic Shitpile. Hopefully the Senate can make these it permanent within this term and we see the US move to grow the reserve.

3. Texas might be stacking sats soon, with more states to follow. States don't have a money printer and have better incentives to save than the Feds do. I'd rather see Federalism made wealthy while "Democracy" is gradually empovered.

4. We could see better #Bitcoin tax treatment, and who knows, maybe the abolition of the IRS.

4. Attitudes toward #Bitcoin amongst governments and corporations all over the world are experiencing a sea change. Bottom up is being met by top down. Adoption at every layer, from every direction. Soon it will be embarrassing not to "get it".

We are really winning.

Let's level set here.

1. Trump has been better for #Bitcoin than Kamala would have ever been.

2. A #Bitcoin Reserve is now it's own thing, separate from the Strategic Shitpile. Hopefully the Senate can make these it permanent within this term and we see the US move to grow the reserve.

3. Texas might be stacking sats soon, with more states to follow. States don't have a money printer and have better incentives to save than the Feds do. I'd rather see Federalism made wealthy while "Democracy" is gradually empovered.

4. We could see better #Bitcoin tax treatment, and who knows, maybe the abolition of the IRS.

4. Attitudes toward #Bitcoin amongst governments and corporations all over the world are experiencing a sea change. Bottom up is being met by top down. Adoption at every layer, from every direction. Soon it will be embarrassing not to "get it".

We are really winning.

They basically punted on buying #Bitcoin.

Let's see what those folks come up with.

See what I mean?

nostr:note1lnj6cz5c62refkrz3fd4l9mdrxf08jsncdws4y4p6c7y8f2lwkpqaxf0rn

Trump on #Bitcoin Reserve.

1. We already have #Bitcoin.

2. Buying more not high priority.

Winning. 😂

David Sachs announces Trump signed an Executive Order establishing a Federal Bitcoin Reserve.

Bitcoin traders act accordingly.

Milk in coffee is more akin to a milk shake than it is a coffee.

No can do. Only idiots short Bitcoin. but I can give you some stable for your sats.

War is peace

A government funded nonprofit is not a nonprofit

On March 5th 1836 William Travis drew a “line in the sand” asking those who would stay and defend the Alamo to cross and join him. They knew the final Mexican attack would come imminently. The colloquialism in a modern context - line in the sand - comes from this moment. All but one defender crossed the line to join the the final defense.