What to know:
- Ah, the executive order! A grand decree for a strategic bitcoin reserve and a digital asset stockpile, heralded as a pivotal moment for the crypto industry, or so the report claims.
- KBW, in its infinite wisdom, has declared bitcoin to be treated as a reserve asset, as if it were a rare vintage wine rather than a digital currency.
- Imagine this: the government forming partnerships with U.S. miners! Yes, they might just receive bitcoin royalties in exchange for tax breaks. What a delightful arrangement! 🍷
In a twist of fate, President Trump has issued an executive order for the establishment of a strategic bitcoin (BTC) reserve and a crypto stockpile. A “pivotal moment,” they say, as if the world were holding its breath in anticipation of this grand spectacle.
The President, in his infinite wisdom, has directed his administration to create a Bitcoin Strategic Reserve, a vault for the assets seized by the government. And let’s not forget the call for a stockpile of other digital assets, because why not? More is merrier! 🎉
KBW, with a flourish, noted that the “world’s largest superpower has embraced several leading blockchain protocols.” Oh, how noble! As if blockchain were a new fashion trend sweeping the elite circles of Washington.
Bitcoin, the true champion of this tale, is being treated as a reserve asset. No bitcoin will be sold, they say, while the government contemplates the delightful prospect of acquiring even more of this digital treasure. 🏴☠️
KBW estimates that the government holds about 198,000 bitcoin. However, a staggering 55% of this bounty will be returned to Bitfinex, leaving a mere 86,000 tokens for the government to play with. What a game of musical chairs! 🎶
Details on how the government plans to accumulate more bitcoin remain shrouded in mystery. Perhaps they will sell off a slice of their $800 billion gold reserves to fund this crypto escapade? A bold move, indeed!
And let us not overlook the issuance of U.S. Treasury Bitbonds, a whimsical idea that includes a bitcoin “kicker.” This could lower the government’s borrowing costs, or so they hope. What a delightful concoction of finance! 🍀
Lastly, the government could form partnerships with miners in the U.S. to receive bitcoin royalties in exchange for tax breaks or incentives. A match made in financial heaven! 😇
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2025-03-10 17:34