The FT thinks only the plebs will benefit.
https://www.ft.com/content/73fa6fd9-6f34-4e59-8f0f-04de3be7387a
"A bitcoin reserve would serve exactly one strategy. A Treasury with a million bitcoin would be trapped by its own portfolio. Congress could never exercise monetary sovereignty by limiting bitcoin mining or trading, because the price of the Treasury’s own assets would immediately collapse. The strategic bitcoin reserve is not a resilience strategy for the US. It’s a resilience strategy for the hodlers."
/ BremertonHODL
npub1l7…2y642
2024-11-24 22:50:27
Author Public Key
npub1l7l63g9ke00snqrnjcahz2gdmtnhzdp47rm027z893pk09wyuntsv2y642Published at
2024-11-24 22:50:27Event JSON
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"content": "The FT thinks only the plebs will benefit.\nhttps://www.ft.com/content/73fa6fd9-6f34-4e59-8f0f-04de3be7387a\n\n\"A\tbitcoin reserve would serve exactly one strategy. A Treasury with a million bitcoin would be trapped by its own portfolio. Congress could never exercise monetary sovereignty by limiting bitcoin mining or trading, because the price of the Treasury’s own assets would immediately collapse. The strategic bitcoin reserve is not a resilience strategy for the US. It’s a resilience strategy for the hodlers.\"\n",
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