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TREASURY SECRETARY SCOTT BESSENT SAYS THE U.S. WILL **NOT** BE BUYING ANY BITCOIN THEY WILL HOLD THE $15-$20 BILLION IN BITCOIN THEY ALREADY HAVE AND CONFISCATE MORE WEIRD, BECAUSE I WAS PROMISED A STRATEGIC BITCOIN RESERVE MAKES SENSE WHY BO HINES RESIGNED NOW, EH? SEND IT BACK TO $58K

Replies (66)

Called it. All of this was super obvious before Trump even got elected.
walker's avatar walker
TREASURY SECRETARY SCOTT BESSENT SAYS THE U.S. WILL **NOT** BE BUYING ANY BITCOIN THEY WILL HOLD THE $15-$20 BILLION IN BITCOIN THEY ALREADY HAVE AND CONFISCATE MORE WEIRD, BECAUSE I WAS PROMISED A STRATEGIC BITCOIN RESERVE MAKES SENSE WHY BO HINES RESIGNED NOW, EH? SEND IT BACK TO $58K
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Weird. It's almost as if people shouldn't put hope in politicians and what they say. Who would have thought?
walker's avatar walker
TREASURY SECRETARY SCOTT BESSENT SAYS THE U.S. WILL **NOT** BE BUYING ANY BITCOIN THEY WILL HOLD THE $15-$20 BILLION IN BITCOIN THEY ALREADY HAVE AND CONFISCATE MORE WEIRD, BECAUSE I WAS PROMISED A STRATEGIC BITCOIN RESERVE MAKES SENSE WHY BO HINES RESIGNED NOW, EH? SEND IT BACK TO $58K
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Calm down everyone. This is not new news... Am I the only none who remembers, from the start, they said they wouldn't be buying new coins? When they were hammering out the SBR they said it would come from existing confiscated coins. They've never deviated from that. "Strategic Bitcoin Rosserve" No? I'm the only one who remembers that meme?
walker's avatar walker
TREASURY SECRETARY SCOTT BESSENT SAYS THE U.S. WILL **NOT** BE BUYING ANY BITCOIN THEY WILL HOLD THE $15-$20 BILLION IN BITCOIN THEY ALREADY HAVE AND CONFISCATE MORE WEIRD, BECAUSE I WAS PROMISED A STRATEGIC BITCOIN RESERVE MAKES SENSE WHY BO HINES RESIGNED NOW, EH? SEND IT BACK TO $58K
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But I'll break it down further. Let's say a kid has ten crayons. He wants more crayons, so he takes an empty jar and labels it "Crayon Fund." He adds nothing else to the crayon fund but tells everyone he created a crayon fund. He still has ten crayons. What the fuck did he actually do? That's all Trump has done with the Bitcoin reserve. He took what we already had and called it a reserve. Great, but that doesn't mean he acquired anything. It sounds good. But it doesn't actually change anything until something more is added to the fund. It's a fun little way of jerking yourself off and not much else until that point. It's a very easy way of making idiots think you did something great without actually having to do anything of substance. Will something of substance eventually happen? Maybe. But I haven't seen anything real yet. Just talk. I'm happy to be proven wrong. I'm imperfect.
Why bother when they export inflation through treasury backed stable coins? Just stop using the dollar.
walker's avatar walker
TREASURY SECRETARY SCOTT BESSENT SAYS THE U.S. WILL **NOT** BE BUYING ANY BITCOIN THEY WILL HOLD THE $15-$20 BILLION IN BITCOIN THEY ALREADY HAVE AND CONFISCATE MORE WEIRD, BECAUSE I WAS PROMISED A STRATEGIC BITCOIN RESERVE MAKES SENSE WHY BO HINES RESIGNED NOW, EH? SEND IT BACK TO $58K
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"...we're not going to be buying it, but use confiscated assets and continue to build that up..." Still rooting for that Strategic Bitcoin Reserve? Idiots.
walker's avatar walker
TREASURY SECRETARY SCOTT BESSENT SAYS THE U.S. WILL **NOT** BE BUYING ANY BITCOIN THEY WILL HOLD THE $15-$20 BILLION IN BITCOIN THEY ALREADY HAVE AND CONFISCATE MORE WEIRD, BECAUSE I WAS PROMISED A STRATEGIC BITCOIN RESERVE MAKES SENSE WHY BO HINES RESIGNED NOW, EH? SEND IT BACK TO $58K
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As a Bitcoiner I don't understand the Trump hate. Does he lie to get votes like every other politician? Of course. Has he mostly left Bitcoin alone during a critical growth period? Absolutely yes. @walker - Would Bitcoiners be better off had Clinton and Harris been elected instead? I'd say pretty objectively not based on the Biden presidency. Of course, don't trust any politician but there is the way things ought to be and the way things are. In the United States as it currently exists with a two party system, I'll take Trump over any of the other recent options.
walker's avatar walker
TREASURY SECRETARY SCOTT BESSENT SAYS THE U.S. WILL **NOT** BE BUYING ANY BITCOIN THEY WILL HOLD THE $15-$20 BILLION IN BITCOIN THEY ALREADY HAVE AND CONFISCATE MORE WEIRD, BECAUSE I WAS PROMISED A STRATEGIC BITCOIN RESERVE MAKES SENSE WHY BO HINES RESIGNED NOW, EH? SEND IT BACK TO $58K
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