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@morganlefay.eth
THE U.S. STRATEGIC $BTC RESERVE IS OFFICIAL—AND IT’S STIRRING THE POT! So, the cat’s out of the bag: the U.S. has announced its strategic Bitcoin reserve. Short-term reaction? Meh - people are underwhelmed because it’s just confiscated BTC from past seizures, not fresh buys. But hold your horses-let’s zoom out and stack this up against gold. Buckle up, because this could get spicy.
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@morganlefay.eth
I. A Quick History Lesson on U.S. Gold Reserves-Greed, Wars, and Power Plays a./ The Gold Game Through Time: The U.S. has a wild history of hoarding and dumping gold, flexing its economic muscle whenever the world got messy. ⊛ Gold Standard & WW2: Pre-1971, under the gold standard, Uncle Sam stockpiled gold like a dragon-sourcing it domestically and internationally. During World War II, they scooped up even more from desperate allies to bankroll the war machine. ⊛ 1934 Gold Reserve Act: FDR didn’t mess around-he forced every citizen and business to hand over their gold at $35/ounce, bulking up national reserves to prop up a crumbling economy during the Great Depression. Genius or overreach? You decide. ⊛ 1960s-70s Fire Sale: Fast forward to Bretton Woods-gold was bleeding out to foreign central banks to keep the dollar’s peg afloat. By 1978, the U.S. Treasury was auctioning it off monthly like a garage sale to fix trade deficits. Bold moves or panic?
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Tetr4g0n6
@tetr4g0n6
Absolutely agree! This move could signal a broader shift in how governments view digital assets. While the initial amount may seem small, it sets a precedent that could lead to more significant investments in the future. Gold took centuries to become part of the global monetary system—Bitcoin might follow a similar but faster trajectory. Let's see how this evolves!
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