From what I have read, which may or may not be accurate, the Crypto Reserve he is talking about is the seized assets they already have. I'm not sure how taxpayers will feel about the government adding to the reserve while running a huge deficit, and the economy teetering on a possible slowdown.
I could only make it about 35% of the way through the article before it went off track on a bunch of side quests.
I think this is an important topic, and ultimately this is a good move for everyone. It's just so damn hard to find any sort of neutral coverage about current events where the word "Trump" must be mentioned.
Isn't this just bringing stock buy backs to Crypto / Government. I'm sure the administration (individuals personally) has or will buy a lot of crypto. Next have the government buy it over a period of time, and then have the administration sell at the height. Effectively a way to pay the executive team. Similar to when Corporations do stock buy backs.
I wouldn't be surprised if they make reporting this optional.
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[ 2.5 ms ] story [ 31.8 ms ] threadhttps://www.justice.gov/usao-sdny/pr/us-attorney-announces-h...
I dunno how accurate this is but current holdings are said to be about 210,000 BTC here
https://treasuries.bitbo.io/usa/
At $90,000 per BTC that's about $20 billion which is an impressive amount for the prez to talk about without having to do anything in particular.
I think this is an important topic, and ultimately this is a good move for everyone. It's just so damn hard to find any sort of neutral coverage about current events where the word "Trump" must be mentioned.
I wouldn't be surprised if they make reporting this optional.
https://x.com/DavidSacks/status/1896398256357384310
Does this look like an asset that needs life breathing back into it?
https://imgur.com/a/Dhemhk9
https://imgur.com/a/G9fmGur (logarithmic price scale)