Comment by Rent_South on 09/03/2025 at 04:06 UTC

12 upvotes, 3 direct replies (showing 3)

View submission: Trump does not understand Bitcoin

PSA about the Strategic Bitcoin Reserve and stockpile announcement:

• The U.S. is locking up seized Bitcoin instead of selling it.
• A Strategic Bitcoin Reserve has been officially established.
• The Treasury & Commerce Departments will explore budget-neutral ways to acquire more BTC.
• If more is needed, Congress will be asked to approve additional purchases.
• No additional altcoins will be acquired beyond those seized in forfeitures.
• Bitcoin has been officially recognized as a finite, secure store of value, "digital gold."
• This cements Bitcoin as a strategic asset in U.S. policy.
• Paves the way for further national Bitcoin accumulation.

Replies

Comment by rogpar23 at 09/03/2025 at 05:46 UTC

9 upvotes, 1 direct replies

• Clears a path for the trump administration and oligarchs to abuse bitcoin for whitewashing and possible facilitating as a russian asset in bypassing embargo’s layed upon russia, vladimir putin and russian oligarchs. And trump voters still don’t want to see they’ve been fooled by sweet talk and hollow promises. The film the Trump Organization tried to suppress[1] is a very good insight on how he operates worldwide.

Comment by devpuppy at 09/03/2025 at 12:05 UTC

1 upvotes, 1 direct replies

The only budget-neutral ways I can think of to acquire bitcoin: seizures and forfeitures, or quantitative easing. Buying and mining are out. Maybe accepting payments of new tariffs in BTC.

Comment by clar1f1er at 09/03/2025 at 22:38 UTC

0 upvotes, 0 direct replies

What are the optics of the US re-selling seized bitcoin?

In what planet is there a budget-neutral way to acquire btc? You mean stablecoin? Holy shit, eyeroll.

"If more is needed" LMAO

Nobody has any clue whether 'altcoins' are part of this going forward or not, including the US gubmint.

I'm so glad you've determined that our gubmint says it's digital gold. That settles it.

Oh good, two more bulletpoints of cheerleading.