And allowing the US government to control the price of it will achieve that... how exactly?
How is it able to control the price by more than a rich billionaire like Saylor? There are already whales that can temporarily affect the price. I don't see what's different with the US government.No, taxes dollars are used to... pay for stuff like people's retirement and the military. Why would the US buy anything if the intent was not to sell it at a profit later?
It will sell it, in the future. In the act, it writes:
To ensure the long-term stability and security of the Strategic Bitcoin Reserve, the Secretary shall hold all Bitcoin acquired through the Bitcoin Purchase Program for not less than 20 years.
It will acquire it for the exact same purpose as it acquires any other asset; for financial security.
You are basically asking for Washington DC to be able to dictate the price of Bitcoin.
Why am I asking that? Does Washington DC dictate the price of all assets it keeps as reserves? Does it dictate the price of gold?
thats easy if you sell directly to US treasury no cap gains tax.
only available to USA citizens.
and for one year only.
bang US government would get a lot of coins that way.