No, this is not how it should work. You would silently start buying from the Day 1 without moving the market upside significantly in a certain period of time. Depending on the amount of Bitcoin reserve that you're trying to build, it should take months if not years. This is the correct playbook in a nutshell if they're really serious about it.
If the Strategic Bitcoin Reserve is announced on Monday alongside other executive orders, it’ll come across as the new administration not being serious about it. If you truly are, why announce it before buying Bitcoin? Why give other nations the first-mover advantage?
This is good, thanks for sharing.
Many such cases
Working on a new dashboard idea which will be live on nostr:npub1gkkahxwca30rf2td22u9p3jnmlh79dylgmm2et0kykftle6tdcysj4zden soon:
Avg US Home Price in Bitcoin 🏠
It will dynamically track the avg median home cost in #Bitcoin and will also include historic data:
2011 - 77,500 BTC
2015 - 1,500 BTC
2020 - 60 BTC
2024 - 7.14 BTC
NOW - 4.6 BTC
Oh boy, this will be the best dashboard ever, if I nail the interface.
Goldman will end its Apple Card deal sooner than expected after incurring significant losses. If you only approve people with a 750+ FICO score, they won’t carry a balance, and cashback rewards will result in substantial losses. Now, Apple faces a critical decision to turn this situation around:
A) They can either absorb annual losses of $7–10 billion while serving only high-credit-score customers, or
B) Implement a Bitcoin wallet natively into iOS and distribute cashback in Bitcoin.
If they expand approval to a wider range of people with lower credit scores, some of those customers will carry balances, and the interest generated from them could be distributed as Bitcoin cashback, along with Apple’s own profits. Ultimately, Apple is likely to choose the latter and may announce it alongside the iPhone 21 but by then, it might be too late. They should act quickly and implement it now while the Bitcoin cashback credit card market remains untapped.
Makes me super happy to see BTC Frame making its way into your homes. 🧡 🤙
Don’t remember where I first heard this, but imagine you’ve got 21 million liters of water and all the sand in the Sahara to pay for it. How much sand would be enough for one liter of water? 100,000 sands? 10 million? 100 million? 1 billion? Not even close!
IMO, no serious sellers before $1m. Just small fish nibbling until then. Once we hit $1m, some will sell to buy their dream homes which will be a huge mistake.
$350k by May or June?
I told Bryan yesterday (the guy who is trying not to die) to buy bitcoin and then die with his private keys without passing them to anyone. that way, he’ll achieve the eternal life he’s seeking, knowing his pro-rata contribution to humanity will last forever. win-win.