Alexander C. Kaufman
@kaufman
What do you guys think of this Atlantic piece on Trump’s strategic crypto reserve? https://www.theatlantic.com/technology/archive/2025/03/trump-crypto-reserve-executive-order/681977/?gift=iWa_iB9lkw4UuiWbIbrWGUyQhf8gvCA92KnftqDUWHI&utm_source=copy-link&utm_medium=social&utm_campaign=share
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horsefacts 🚂
@horsefacts.eth
Seems obviously more like an FX reserve than a strategic commodity reserve. We're not going to release more bitcoins into circulation when the Saudis stop mining them. And it seems foolish not to own some nonzero amount of Bitcoin at this point. US gold reserves are ~$400bn so $17bn seems about right. But it's stupid to call it a "Strategic Reserve" and stupid to assume that's the purpose. Perhaps it's because we've classified Bitcoin as a commodity so we all have to pretend it's like orange juice. > Eventually, the U.S. government will be stuck with a bunch of crypto, searching for ways to drive the price higher and having no one to sell it to. This is haterade. Do we pump the price of the Euro because we hold it in reserve?
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highplains.base.eth 🎩✨🔴
@highplains66
Yeah nonzero is a simple solid start.
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