Senatorin Cynthia Lummis: Eine strategische Bitcoin-Reserve ist die asymmetrischste Wette, die das US-Finanzministerium eingehen könnte. Der Nachteil ist überschaubar. Der Vorteil ist generationsübergreifend.
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Senatorin Cynthia Lummis: Eine strategische Bitcoin-Reserve ist die asymmetrischste Wette, die das US-Finanzministerium eingehen könnte. Der Nachteil ist überschaubar. Der Vorteil ist generationsübergreifend.
https://i.redd.it/0j15i2ol5p6h1.jpeg
23 Kommentare
Taxpayer funded exit liquidity
The US treasury doesn’t need to make bets when it controls the outcome.
She doesn’t know how to spell Crypto.
She is most likely getting ton of financial backing to vomit about something she knows little about.
„The upside is generational“
I would like to bet she severely underestimates hiw much money goverment can spend.
Just look at how much they spend when not even having it…
No amount will ever be enough to have a to have a surplus for several years let alone enough for generations….
She learned what bitcoin was 5 minutes before this post
Translation: “ My rich donors want the taxpayers to pump their bags“.
That twitter account is just word salad…
Sort of. BTC can be a reserve, but liquidity is a problem. The larger your position the more at-risk you are to liquidity and fluctuating markets. Even if we presume BTC will trend up over time it is quite obvious watching it charts that a 20-50% swing is not uncommon. If we put an amount of funds into BTC that was significant as a nation it would be very difficult to access these funds. This would be a LOOOONG bet we’re talking like 10+ years before any realization.
It also opens us to a unique risk. BTC has shown strength in the long term vs other crypto, but it still has wild price swings and ultimately its value is based on the interest and investments of the userbase. If a new crypto comes out or something changes that displaces BTC from the market that valuation can drop to a real 0. Like think about it – even if gold went to 0 we’d still have gold and could do something with it. If BTC drops to zero that means the servers / miners are turned off and the system just shuts down…
She’s a clown. Stop treating her like an ally
Absolutely crazy to think that a government would put Billions into a pyramid scheme. It fits into our timeline though. 😂 I just hope that we’ll hit deep bear before that so that I can load up and use the US citizens as exit liquidity later (hehe).
Imagine if we got this reserve when there was hype, the us could be down 50% already. If you want to bag hold, you can. Don’t bag hold with my tax dollars
Nonsense.
Central banks spent decades accumulating gold.
Can they afford to ignore the first globally scarce digital asset?
Some of you people really have no problem looking the other way on the god awful things elected officials do and say on 99% of issues as long as they will say nice things about crypto. She’s an absolute grifter who has no interest in crypto outside of how much more it would enrich her and the scumbags she listens to
I’m with her, please use American taxpayers money on raising the price of my bitcoin!
Just imagine if we had a SBR we wouldn’t have missed out on a -40% loss
Imagine if the $1-trillion Inflation Reduction Act was used to just YOLO into Bitcoin. It’d be worth roughly $3-trillion even after the 50% ATH cut.
Wouldn’t it be better for the treasury to quietly and steadily accumulate? The moment it announced a strategic reserve, the world will jump in and obliterate our buying power.
Did she mean, „The downside can be socialized and the upside will be privatized.“?
Of all the jobs of government, gambling should not be one.
Any long-term hodler can confirm that. It’s that simple.
Are we getting a Cardano Reserve as promised by Charles Trump Nutlicker.
Um, no thanks. I prefer to keep my crypto separate from my government