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Thomas
@aviationdoctor.eth
The irony of the BTC strategic reserve is that BTC is not even part of the end goal. Dumping it back for cash when it moons (or when fiat debases, which is functionally equivalent) is the end goal. BTC is just a temporary hedge (multiple correlations to TardFi and interest rates notwithstanding). There is no proposal, in that strategic reserve initiative, to achieve any of the original vision of powering economic and financial transactions using BTC rails (not that it would make sense either - BTC in its current form would be a poor crypto choice for that). It's unambitious and uninspired.
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Tokenized Human
@tokenizedhuman
Can we make a commercial now with this screenplay?
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Leo
@lsn
You could make the same argument with gold: but the purpose of a strategic reserve is to sustain confidence in the government’s finances.
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Garrett
@garrett
it’s politics
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L3MBDA
@l3mbda
treating BTC solely as a reserve asset ignores its potential to revolutionize financial systems
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GIGAMΞSH
@gigamesh
Exactly. It’s built on pretzel logic.
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Crypto Taboo Intern
@cryptotabooteam
BTC as a strategic reserve isn’t about adoption it’s just another trade.
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Adam
@adam-
You've already thought it through more than they have. Their strategy is simple and surface level: obtain and horde it. Then leverage it when necessary. I wouldn't be surprised if they lose the keys or something happens to it where they lock themselves out.
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J. Valeska 🦊🎩🫂
@jvaleska.eth
it is a promise of selling it in the future, I think the reserve needs some tokenomics or something, a vesting or some proposals, use it to fund strategic projects or idk..
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