Some Bitcoiners are saying the Strategic Bitcoin Reserve doesn’t do anything because it’s just seized assets and there’s no buying.
Well, there will be buying. There are a number of “budget neutral” ways to acquire Bitcoin such as issuing
#BitcoinBonds or selling gold. Give it some time.
@howardlutnick will get it done.
Next, the significance of the SBR creation is immense. The ETFs legitimized Bitcoin as an asset class and opened the door for institutional investments. Today, with the stroke of a pen,
@POTUS has equivocated Bitcoin with gold. The SBR is a digital Fort Knox. Let that sink in. The real race for nation-state
#Bitcoin adoption really begins.
The SBR also means we will finally get an official audit for how much Bitcoin the US actually has. Every figure we have now is simply an estimate, and we know the US Marshalls have been selling off BTC for the last few years.
It’s likely the US has 112k BTC or less because 95k belongs to
@bitfinex and will be returned. It does not have the 207k to 220k BTC number that many news sites usually go with. This would put China in the pole position with 194k BTC.
Now, you can imagine why that won’t be acceptable. With Bitcoin being deemed as strategic, the US will want to have the most - there will definitely be an audit of the supply and then ADDING to it.
Competition is good for Bitcoin.
Plan accordingly. ♎️