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Why a U.S. Bitcoin Strategic Reserve Is Critical to Fending Off Chinawww.coindesk.com/opinion/2024/12/30/why-a-u-s-bitcoin-strategic-reserve-is-vital-to-fending-off-china
38 sats \ 4 comments \ @Rothbardian_fanatic 2 Jan bitcoin
China sees financial technology and cryptocurrency as tools to extend its financial power and surveillance globally. The United States must respond in two ways: export our financial technology and systems worldwide and embrace bitcoin as a strategic reserve asset instead of stifling innovation.
Lawmakers and politicians on both sides of the aisle, most notably President-elect Donald Trump, recognize the power of holding bitcoin on the nation’s balance sheet as a hedge against inflation. This direction would also strengthen U.S. resilience against economic challenges posed by China’s financial strategies.
It looks like this is one way to try to fend off China’s assault on the fiat currencies of the world. BTC for US reserves? It could be helpful.
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2 sats \ 3 replies \ @Skipper 2 Jan
If US starts stacking bitcoins like no tomorow to fend off China and other countries, you can know for sure they will confiscate everyone's bitcoins in a few years from now, only those with coldstorage & proper opsec will survive. WE WARNED YOU.
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0 sats \ 2 replies \ @Rothbardian_fanatic OP 3 Jan
They might do that, but everybody is taking opsec seriously. Is anybody still keeping BTC on any platforms? I really doubt that one. By now, only those truly asleep would do anything like that, unless forced by the platform to leave them there. Then you leave the platform, post haste.
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0 sats \ 1 reply \ @Skipper 3 Jan
why do you sound chatGPT'ed?
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0 sats \ 0 replies \ @Rothbardian_fanatic OP 3 Jan
Do I?
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