Oddbean new post about login | logout Still, just by uttering the phrase about strategic stock pile for 1% BTC US holds is BIG DEAL? it is essentially "Get of Zero" moment for central banks.
Yeah buts it’s the lowest possible risk they could take. It’s basically a noncommittal move. It seems good m, but it’s a “we don’t want to make a bold statement, but we don’t want to make bitcoiners angry either.”
Trust me, anything more that this is NOT GOOD for bitcoiners (but still good for bitcoin) what you want - them to allow self custody and free anyone who has been prosecuted with prejudice become of BTC what you don't want - BTC as national reserve. For those who think they have diamond hand, watch when prices rise by 20X from here in a short time frame. Most of the non whale ideological core of BTC will be wiped off the floor by US Gov. For countries that gets left behind by US in this prisoners dilemma, they will come after there citizens' bitcoin, and they will be justified in doing so by mainstream logic. Bitcoiners outside US will need to relocate. It would have been bad for bitcoininers. @TheGuySwann
That’s a fair point.
@TheGuySwann I think we should be exactly in this place. only then tremendous upside will still exist. only then equitable distribution will be achieved that what represent the best case if DJT would have spoken Like RFK, ie if he would have been that neuanced. I would have been a bit scared.