Oddbean new post about login | logout RFK Jr. announced that he will sign an executive order to transfer the 200,000 BTC held by the United States into the US Treasury to be held as a strategic reserve asset. Plus, a second executive order to buy daily until we own 4 million BTC. DIGITAL FORT KNOX 🇺🇸 https://v.nostr.build/xNZ1wWS92QilvE6e.mp4
We can literally just print the money guys lmfao
Maybe that’s what they will do. Then the big rush to the worlds most valuable asset. It’s a game of musical chairs. Make sure you have a seat when the music stops.
They would need to print a shit ton of dollars in order to do that cause bitcoin would rocket blast to the moon as soon as that executive order is signed 😂
Well he’s gonna be the treasury secretary soooo
The US Government holding or trying to attain 19% of all Bitcoin that can ever be mined is a terrible idea.
I also dont think they could get to that total without an Executive Order 6102
This is over 20 years, right? it could be possible if they convince enough holders to sell.
The first question is should one country buy that much of the supply?
why would a country want a large supply of any hard asset?
To be able to manipulate the price.
Alright, so their plan would be to try and hoard as much of this perfect asset as they can, spending billions. Use it as a reserve for the dollar in order manipulate the price down? Am I doing the calculus right? By that point, what would they gain by forcing the price down? If anything, we would want a stable btc price at that point so we could use it as the medium of exchange we all hope that it is. Right?
hey ledger give me the money 🤣🤣
Funny he thinks they could amass 4M BTC.
.....and then they will back the US with Bitcoin AS FORECAST 10 YEARS AGO in 2014 BY A PLEB 2014 Texas Bitcoin Conference in Austin, Texas. https://youtu.be/EFgcN672KXg?feature=shared&t=1086 nostr:note1nav8xes9g0jpjjz3u0825r5lwhxq7pwgdg6497jwhs7d54sfztqsypvy35
Someone may want to tell RFK that obtaining 4 million BTC is impossible unless by some chance ALL of the crazy bitcoiners who own most of the supply (ETF’s own only 5%) decide they now they want fiat. Run the numbers freaks. Quintessential politician trying to trickle normie ears. SMH 😏
He won't be president. And even then, has any politician delivered on their promises?
Fort Blox
December 23, 1913. President Woodrow Wilson signed the Federal Reserve Act 16th Amendment – February 3, 1913 Individual Income Tax Ratified I say "F" executive orders. Let's pass the 28th Amendment to guarantee individuals tax free rights to use and hold Bitcoin. Since 1913, we have been economic slaves to the bankers.
Well he ain’t becoming president so that’s a pipe dream..
LOL and whose purchasing power will they using to buy said Bitcoin, hmmm?
I am signing an executive order selling this mirror and I will be turning the proceeds into Bitcoin https://m.primal.net/JeDb.jpg nostr:note1nav8xes9g0jpjjz3u0825r5lwhxq7pwgdg6497jwhs7d54sfztqsypvy35
He's just a politician using cheap promises. NEVER TRUST ANY POLITICIAN! FUCK'EM'ALL These are the "bitcoiners" when they hear a politician making cheap promises about Bitcoin... https://m.primal.net/JKAQ.jpg
So many reasons this would not work. It's actually a pretty reckless, if not outright dangerous, statement.
i actually like(relative to other politicians) that guy and i can't get through it
