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0 sats \ 2 replies \ @028559d218 20 Jan \ parent \ on: Strategic Bitcoin Reserve or Strategic Sh*tcoin Reserve? Donald Trump has Chosen bitcoin
Remember that Mr Trump wants 'America made' cryptos like... XRP and USDT. None of those scammy 'foreign made' ones like Bitcoin! (which anyone can make anywhere in the world with enough cheap energy)
So... XRP, the new $Trump memecoin maybe Tether... this is the future! Who knows maybe the next strategic crypto reserve will be composed of Tether and XRP!!
Nope. You're conflating the different policy work that is going on in US.
Stable coins can expand US dollar influence to the digital economy while creating demand for US treasuries. This is a net good for US government and USD and net bad (short) for everyone else's fiat currency.
Bitcoin is the only digital asset worth holding in a reserve because there is no counterparty. Ethereum, Solana, XRP can centrally alter their release schedule. If any is purchased for a government reserve, it will still trend to zero l because the central issues will alter dynamics to benefit themselves.
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Mr Trump doesn't care. It's all the same 'crypto' to him.
"Bitcoin is the only digital asset worth holding in a reserve..."
Well not to team Trump. They're interested in... memecoins that they create, holding 80% of the supply. That they can sell off and make money with.
The trump memecoins... are on Solana. And the "bitcoin" the trump company world liberty financial (or whatever it's called) is on Ethereum... It's not even actual Bitcoin. AND they purcahsed a bunch of non-sense tokens and ethereum too.
When will the coping and delusions and denial about what Mr Trump actually is among Bitcoiners stop???
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