What assets should be part of the national digital asset stockpile?

Bitcoin

“I don’t invest in Bitcoin, it’s too volatile.”

helping build farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud”

Then: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

Now: “The Times 07/Apr/2025 Federal Reserve on brink of bailout for markets"

Looking for analytics/gaming/web3 role! Please DC ❤️


 @madisonsommer.eth’s gimp

https://www.fortnite.com/@chasesommer

Returns Since Liberation Day:
🟢 BTC: +2.2%
🔴 Gold: -2.9%
🔴 SPY: -10.5%
🔴 QQQ: -11.2%

Magnificent Seven:
🔴 MSFT: -5.8%
🔴 GOOGL: -7.3%
🔴 AMZN: -12.8%
🔴 META: -13.6%
🔴 NVDA: -14.6%
🔴 TSLA: -15.3%
🔴 AAPL: -15.9%

The 500 biggest public companies in the U.S. lost a combined ~$2.5 trillion in value yesterday.

Bitcoin was flat.

Returns since Election Day:

* BTC: +16.5%
* Gold: +13.4%
* SPY: -6.2%
* QQQ: -7.4%
* ETH: -29.0%

Magnificent Seven:

* TSLA: +4.9%
* META: -5.5%
* AAPL: -7.9%
* MSFT: -10.0%
* AMZN: -10.4%
* GOOGL: -11.0%
* NVDA: -25.0%

GameStop's $1.5 billion investment in bitcoin will make them the fourth largest bitcoin holder among public corporations.

Strategy (MSTR) owns 3 of every 4 bitcoin owned by public corporations.

Just spoke with a $10B+ investment advisor that now recommends 1-2% bitcoin across all client accounts.

Stablecoin issuers hold $200 billion of U.S. Treasuries.

The U.S. wants demand for / buyers of U.S. Treasuries (helps keep interest rates low, extend dollar dominance, reinforces USD as global reserve currency, etc.).

200 billion reasons the U.S. is pushing USD-backed stablecoins.

The U.S. leads the bitcoin arms race, but not by much.

In 2024, public corporations purchased twice as much bitcoin as all prior years combined.

These 70+ companies now own a combined $52 billion worth of bitcoin (3% of the total supply)

Companies buy bitcoin for the same reason people do.

And for the same reason governments will.

Those who think the U.S. establishing a Strategic Bitcoin Reserve is underwhelming are failing to see the big picture.

The end game was never “the U.S. government buys all of the world’s bitcoin.”

A U.S. Strategic Bitcoin Reserve means…
- Other countries will buy bitcoin
- Wealth managers have no excuse
- Financial institutions have no excuse
- Pensions/Endowments have no excuse
- Fear of the U.S. selling is gone
- The U.S. will likely buy more
- Likelihood of states buying just went up
- Probability the government outlaws Bitcoin is definitively zero

This changes everything. Zoom out.

The market is grossly underestimating the long-term impact of the U.S. Strategic Bitcoin Reserve.

Ryan Rasmussen

@ryanrasmussen