The administration’s recent moves in support of the crypto and digital assets industry, including the Strategic Bitcoin Reserve, make me optimistic about the economic and technological future of the US. Thank you Hedge Week for featuring my thoughts. https://www.hedgeweek.com/white-house-crypto-summit-monumental-for-digital-asset-industry-says-scaramucci/
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But his spac also took a crypto position, so who knows. Why not both?
Driven into $1000s++ by collective speculation.
It's called "Rug Pull".
That's what you get with the latest iteration of the 90s Fur Babies.
Worthless things entirely driven by speculation.
https://www.nytimes.com/2025/02/28/world/americas/argentina-crypto-scandal-president.html?smid=nytcore-android-share
But more importantly a strategic gold reserve.
Governments can't print more gold. They can't influence the supply. Just like Bitcoin
It's useful for governments to have a reserve of money that no government is able to print more of. Like Gold. Or btc.
Let’s stop pretending.
And if it weakens all fiat currencies equally, then would the US rather own Bitcoin or not own Bitcoin?
Both AI's stress that we don't know for sure.
Bitcoin is money for all humans, and all humans aren't friends with each other.
As you point out, the US has weaponized the dollar and imposes hegemony ... >
How do we feel about that? I'm American, not anti-American. ... >
Sounds like maybe your perspective is built around a stance that bitcoin shouldn’t exist. It’s *not good*.
I don’t have time to interact now but I bet you and I could have an interesting convo.
why would it buy another version of it?
because it's established?
US backs an electronic money only China could compete with it
u have to be talking ur book
It's the central bank's job to purchase international assets in order to hedge or manipulate the value of your own currency.
Federal government doing it feels like picking winners and losers