[HN Gopher] Bitcoin Reserve Bills Are Failing in Quick Successio...
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Bitcoin Reserve Bills Are Failing in Quick Succession in States
Author : ryan_j_naughton
Score : 6 points
Date : 2025-02-27 21:38 UTC (1 hours ago)
(HTM) web link (www.bloomberg.com)
(TXT) w3m dump (www.bloomberg.com)
| sharemywin wrote:
| because it's one of those schema to dump a giant pile of sh*t on
| to the public.
|
| government buys reserve price skyrockets.
|
| no one uses it so the price plunges American tax payers stuck
| holding the bag.
| Ancalagon wrote:
| yes devalue your hard-earned dollars, thats a great idea
| reverendsteveii wrote:
| I'm not against the idea of holding strategic commodity reserves
| but the idea of holding reserves in a strategic commodity that
| can be up and down by 20% in a week is an issue
|
| Being said, every time one of these passes I'm buying a bunch and
| then dumping it a week later. Just like the inauguration bump,
| because BTC has a _lot_ of hype behind it. One might say that
| hype is actually the primary commodity in BTC.
| slyall wrote:
| The real smart money buys before the launch and dumps in the
| first minute after. They make their money from you.
| Synaesthesia wrote:
| I can see that being a sound basis for an economy, yes.
| reverendsteveii wrote:
| And I still make money. I'm okay with being neither the
| greatest nor the least fool.
| potatototoo99 wrote:
| Of all the countries to have a bitcoin strategic reserve, the US
| is where it makes the least sense. Replacing a reserve currency
| they control with another they can't.
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(page generated 2025-02-27 23:01 UTC)