When do we get to the point when Central Banks get #Bitcoin FOMO?
Like, the Bank of England 🏴 should have around ~1% of the BTC supply held as reserves (maybe up to 3%?), which would currently cost £5.8B
Which is a lot, but not actually for Govt. They can afford to lose £6B but can they afford to have no Bitcoin? It’s an asymmetric bet.
It’d have cost £600M less if they’d pulled the trigger a few weeks ago, and £2.9B less if they’d done it in November last year.
One day it will cost too much to be doable - that day might be coming real soon
1f52b / 1F52B
npub1ra…tgns2
2023-10-24 20:44:13
Author Public Key
npub1raftzmju5gq77twqxrumv5gnweew2t0p4v5upv8kku4vsz4j8jzq3tgns2Published at
2023-10-24 20:44:13Event JSON
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"content": "When do we get to the point when Central Banks get #Bitcoin FOMO?\n\nLike, the Bank of England 🏴 should have around ~1% of the BTC supply held as reserves (maybe up to 3%?), which would currently cost £5.8B\n\nWhich is a lot, but not actually for Govt. They can afford to lose £6B but can they afford to have no Bitcoin? It’s an asymmetric bet.\n\nIt’d have cost £600M less if they’d pulled the trigger a few weeks ago, and £2.9B less if they’d done it in November last year.\n\nOne day it will cost too much to be doable - that day might be coming real soon",
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