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Trump names Bitcoin and others as part of coming ‘Crypto Strategic Reserve’ (www.theverge.com)

submitted 1 day ago by [email protected] to c/[email protected]

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Trump sets up the reserve as the SEC backs off crypto enforcement.

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[–] [email protected] 11 points 20 hours ago (1 children)

Don't worry. The Strategic Bitcoin Stockpile will be managed by this guy:

You can't have a "strategic reserve" of things that don't exist in the real world. The value of soft assets is subjective and based on their potential future earnings.

[+] [email protected] -6 points 19 hours ago (2 children)

You can be against but both your arguments are invalid. The USA have been holding billions in Bitcoin for years without losing any of it. Also your second claim can be applied to pretty much everything the USA own

[–] [email protected] 4 points 10 hours ago

Trump doesn't know anything about Crypto. He doesn't understand how it works, what it's used for, or even how to use it. He doesn't care about Crypto personally one way or the other. But he does care about the opinions of bros and chuds and other terminally online rightwing shiatheads. And these people desperately want the government buying up crypto because it will put a whole bunch of other people's money in the market and drive up the prices of everything, including their own holdings.

This is a really obvious crypto scam on a huge scale, which will involve transferring billions of US taxpayer dollars from the US Treasury to this "strategic reserve" where it will immediately be STOLEN. I honestly didn't think I needed to point this out.

[–] [email protected] 4 points 13 hours ago (1 children)

They hold siezed Bitcoin but what's the point of a strategic stockpile of a thing that has no use case outside of crime?

[–] [email protected] -3 points 11 hours ago (2 children)

Is it a crime to store wealth and/or speculate ?

[–] [email protected] 2 points 1 hour ago

Oh look, a removed has entered the chat

[–] [email protected] 2 points 8 hours ago (1 children)

Cryptocurrency isn't a store of wealth. It isn't a store of anything.

[–] [email protected] -2 points 8 hours ago

Repeating it won't make it true