I’m assuming the web site is pumpanddump.gov ?
You laugh now, but once war breaks out and all currencies break down, you’ll be happy to have a… wait, absolutely worthless nothing on hard disks?
How many of those strategic digital assets will be some sort of Trump coin?
I hope it gets hacked without a war.
Strategic for what? When would the government ever say “Damn… we must have Bitcoin now!”?
Strategic for pump and dumps, of course! That’s Musk’s area of expertise after all
So Vlad can offload some of his stockpile.
The ultimate money laundering scam.
And immediately after it took a nose dive, recovered slightly, and then started trending down like it has been for the last two months. Super strategic.
So let me guess. Coming on the heels of, “Elon Musk should check Fort Knox to see if the gold is really there”, the next step would be a 1:1 “trade” of bitcoin for actual, tangible gold - which will be hidden away in a certain Mar-a-Lago basement. Remember you read it here first.
Not quite. The EO says the reserve can only be added to by seizures from crimes and civil forfeiture. They can’t buy to add to it. And that it can be sold primarily for finding law enforcement.
Buuuuuuut, you know what that means? The ultra shady civil forfeiture practice that cops love just got a little more spicy! Any wallet a cop can access becomes theirs!
FTFY
which will be hidden away in a certain Mar-a-Lago
basementbathroom.
Any bets on how long it’ll take for that money to get stolen?
For the twentieth time this month, siiiiiigh
They should call trump the Supertanker: everything he touches tanks. BTC is gonna be worth as much as trump steaks in a year.
Why not a strategic Beanie Baby reserve?
Because pet rocks offer much more stable value, duh.
It’s a money laundering operation in plain sight.
Don’t forget a side of market manipulation.
Crypto can be manipulated hard with a huge amount of capital, so now he is just using the US tax dollars to manipulate crypto currencies.
Yes this is the world we live in.
Can someone explain the how to a stupid person like me? I fully believe it but I want to know how it works
- Buy coins privately
- Force government to buy tons of coins, making prices go up
- Sell personal coins, dropping prices and make government spend even more
- Repeat as needed
I thought the draw of crypto was that it wasn’t backed by a central government? What’s the point if the government has price manipulation power anyway?
