Quote from: cAPSLOCK on Today at 07:31:55 PM

Quote from: bitebits on Today at 06:25:15 PM

Quote from: cAPSLOCK on Today at 05:11:07 PM

Quote from: fredericktaylor on Today at 03:21:24 PM

Donald Trump's Crypto Czar David Sacks reportedly to hold press conference tomorrow to discuss how "to secure America as a leader in the digital asset ecosystem." 🇺🇸

https://x.com/BitcoinMagazine/status/1886432755581370432?t=UX1tfYnA4XZjsYkz28P7bw&s=19

Ugh... not holding my breath... with all the other massive shitcoinery signals I hope they can get this at least SOMEWHAT right. I expect "diversity" which we all know is a mistake... and if that is the announcement then I will be mildly pleased. It's the full on fumble I am scared of lol.

One thing I am sure of, regarding a strategic 'crypto' reserve, it will be bitcoin only if they do. The US will not buy privately printed currencies.

God I hope you are right Bitebits...

And honestly the last few days ought to highlight why it should be as you say.

There's a lot of rumor about CSR, but as we know how political speech works, it could happen that US-based Crapto will be treated differently, may it manifest by exclusion of those of certain regulative rules, or tax-free trading for US citizens and/or exchanges, for example. Later on, a BSR may be created by including seized Bitcoins from various authorities, which wouldn't shoot the price to the moon instantly, still growing a significant mass as an initial reserve. I have also read about plans and suggestions to keep the price down while upsizing the BSR. Maybe seized Crapto will be converted to the few US-based ones and included as well, then we have a CSR and only the government directly profits from it, further avoiding to buy spot or even break OTC desks, which would send the price to quite a degree. Spot/OTC buying would be delayed into the next bear market, if they understand at least anything about how to grow a BTC stack.