I think it’s pretty awesome that they are thinking about this strategic fund but today I read somewhere that the senator was suggesting we sell gold to buy Bitcoin?
That is stupid. It is stupid to think Bitcoin would help in any way strictly with the repayment of the U S Debt too. It is as if they were gambling Bitcoin to try and win the Jackpot. But instead of retiring, the end goal is to repay the Debt.
I just saw
this link from a post on CMC, and I swear I hope April Fools' Day has come twice this year, because using taxpayers' dollars to fund bitcoin purchases is just downright irresponsible on the government's part. Trump might be pro-bitcoin and that's great and all, but what would happen if his administration set a fixed price for it, much like gold many years ago when it was worth exactly $20/Oz?
Think that couldn't happen? All of you people saying this is a great plan better put on your critical thinking caps or at least realize that bitcoin and governments should not mix. I'm not saying there shouldn't ever be any regulations or the like, but as far as a superpower country owning a lot of bitcoin....what could go wrong?