Everything you wanted to know about Bitcoin Strategic Reserve

[fillippone]

I'm sorry to disappoint you, but as I mentioned in another thread, this is not the beginning of something bigger. It's not a first purchase that will be followed by more purchases; it's not the beginning of a national reserve, it's just a one-off purchase to test the waters.

I understand what you are saying, but I guess it won’t be the case.
Obviously this is a test, 1million USD is a test.
But I think there is no need to upset the ECB with bold declaration.
They can for sure buy bitcoin from time to time, without announcing any program.
Of course they already are under the ECB spotlight: they must play it correctly not to irate them.

[Charcol]

China vs. the United States has a new conflict over Bitcoin. We have been seeing tension over political and diplomatic issues for a long time. Now I saw in the news that China is claiming that the US government has seized 1,27,000 BTC from one of their mining companies. Which is worth about $13 billion today. And the news says that this incident happened in 2020 when a mining pool named Lubian in China was hacked. The news also says that the United States has directly denied this allegation, claiming that they have nothing to do with this hack.

I have heard many people making various comments that China and the United States want to accumulate Bitcoin. But they are not in favor of buying Bitcoin. That is why they are creating conflict among themselves over that Bitcoin.
Now one question remains, why has Lubian Mining pool not disclosed it so far after so much Bitcoin was hacked?

Read the details here

[Barrykbest]

China vs. the United States has a new conflict over Bitcoin. We have been seeing tension over political and diplomatic issues for a long time. Now I saw in the news that China is claiming that the US government has seized 1,27,000 BTC from one of their mining companies. Which is worth about $13 billion today. And the news says that this incident happened in 2020 when a mining pool named Lubian in China was hacked. The news also says that the United States has directly denied this allegation, claiming that they have nothing to do with this hack.

I have heard many people making various comments that China and the United States want to accumulate Bitcoin. But they are not in favor of buying Bitcoin. That is why they are creating conflict among themselves over that Bitcoin.
Now one question remains, why has Lubian Mining pool not disclosed it so far after so much Bitcoin was hacked?

Read the details here

That’s an interesting claim, but I don't think there’s a verifiable report or statement from either government confirming that the U.S. seized 127,000 BTC from a Chinese mining company.
It’s important to distinguish between mining pools operating in China and state-owned entities. Mining pools are often made up of miners from multiple countries, not just China, and they don’t necessarily represent government assets. Also, many of these pools already moved offshore after China’s 2021 mining ban.
Until there’s solid evidence or an official statement, it’s better to treat such claims cautiously. Governments do accumulate and seize Bitcoin, but attributing it to a specific nation’s company without proof could easily spread misinformation.

[Abelly]

That’s an interesting claim, but I don't think there’s a verifiable report or statement from either government confirming that the U.S. seized 127,000 BTC from a Chinese mining company.
It’s important to distinguish between mining pools operating in China and state-owned entities. Mining pools are often made up of miners from multiple countries, not just China, and they don’t necessarily represent government assets. Also, many of these pools already moved offshore after China’s 2021 mining ban.
Until there’s solid evidence or an official statement, it’s better to treat such claims cautiously. Governments do accumulate and seize Bitcoin, but attributing it to a specific nation’s company without proof could easily spread misinformation.

Such claims need to be viewed with great caution. Until we get any evidence from any government or credible source that the US has seized 127k Bitcoins from a Chinese mining company, it should be noted that mining pools do not mean Chinese government assets and most of the large pools have been relocated outside of China since 2021. It is true that governments seize Bitcoins, but if you blame a specific country without evidence, there is an opportunity to spread misinformation. Let the source come first, then make a decision!

[nikola22]

It's a first foundation of something bigger and I consider this test investment of the Czecg Central Bank is actually huge. It has potentiality of something bigger to come from Czech Central Bank with more Bitcoin purchases and also has its role as a trigger to other central banks in the European Union and also around world.

Bitcoin Government Treasuries from charts to table show that the USA is the leader, next is China, then UK and Ukraine. It's surprising that Ukraine has a lot of bitcoins, more than 46k BTC.

I don't know why this site https://newhedge.io/bitcoin/government-treasuries says that Ukraine has a lot of bitcoins. I also came across similar information on some news sites. the fact is that mentioned 46 351 BTC don't belong to the state. these are crypto assets declared by officials and you can see this on the website where this data is taken: https://opendatabot.ua/en/analytics/bitcoin-2021



in reality Ukraine has no crypto reserves and listing officials' crypto assets as state-owned is incorrect. it's like naming Trump's or JD Vance's Bitcoin as belonging to the US reserves. although it is worth noting that there are a lot of ordinary Bitcoin holders in Ukraine.

[Derekfunds]

Bitcoin is already world wide or will I say almost world wide and I don't think if there is someone in this computer age, with smart phone that  won't know about Bitcoin, I have seen people ( influencers and bloggers ) preach about Bitcoin online and so there's no going to be any difference with the conference because social media, influencers etc will still take it to the internet and it is not all conference that due affect the market and whether it affects the market or not an invest won't care and it won't stop them from investing. Countries who are still considering or seeing Bitcoin as illegal are suppose to still be in the 10th or 11th Century because they are just like primitive people I mean considering what is happening and how fast Bitcoin has grown and is still growing.

Now, everyone with access to information on the internet knows what Bitcoin is. Even beginners know and have heard about it, saying it has saved people from poverty. There are now numerous discussions on YouTube channels and podcasts about the success achieved thanks to Bitcoin. This is certainly a great way to keep the Bitcoin ecosystem growing, and public trust in Bitcoin continues to grow, considering that a few years ago people were pessimistic about Bitcoin. However, as time goes by, more and more people are investing some of their money in crypto assets, updating their entry strategies to minimize losses.

Yea people who started Bitcoin investment earlier has obtained a greater height due to the profit they have got but I don't think preaching that Bitcoin will alleviate people from poverty is right I mean is more like a misleading information because this will make some people dive into Bitcoin because of this sentence "alleviate poverty" and they will think it is a get rich quick scheme which is not so, it will not really alleviate poverty but if you hold successfully in the long term then it can be true but we should take this particular sentence out of the picture for now because it  will make some people have so much expectations and hope that will make some people invest with what is outside their discretionary ( what they can  not afford to loss).

[abhiseshakana]

I'm sorry to disappoint you, but as I mentioned in another thread, this is not the beginning of something bigger. It's not a first purchase that will be followed by more purchases; it's not the beginning of a national reserve, it's just a one-off purchase to test the waters.

I understand what you are saying, but I guess it won’t be the case.
Obviously this is a test, 1million USD is a test.
But I think there is no need to upset the ECB with bold declaration.
They can for sure buy bitcoin from time to time, without announcing any program.
Of course they already are under the ECB spotlight: they must play it correctly not to irate them.

Frankly, we all know that central banks never announce their strategic moves prematurely. They only announce something when their position is secure, the risks are locked in, and the market impact is manageable. So the possibility that the ECB has quietly started investing in Bitcoin is not a wild theory, but the natural way high-level monetary institutions operate.

Central banks never buy strategic assets while publicly shouting, because:
- They don't want to move the market. If the ECB announced a Bitcoin purchase program, the price would spike, and they would be at a disadvantage.
- They keep geopolitical options invisible. The fewer competitors know what they're doing, the greater their room for maneuver, especially in the context of monetary rivalry with the US, the increasing adoption of BTC
   by   smaller countries, and the threat of the digital yuan industrialization.
- They must maintain an anti-crypto appearance while quietly studying and securing their position. This is the standard operating procedure for central bank behavior, criticism upfront, adaptation behind the scenes.
- As a strategic reserve asset, BTC will be a game changer. If Europe wants to remain relevant in the digital economy of 2030, it cannot turn a blind eye to assets increasingly being treated as "digital gold."

And most importantly, central banks always act long before the public is aware of them. Transparency is merely a formality; the real strategy is always hidden. In monetary geopolitics, the less the enemy knows, the better position one can secure.

[Assiduous]

I'm sorry to disappoint you, but as I mentioned in another thread, this is not the beginning of something bigger. It's not a first purchase that will be followed by more purchases; it's not the beginning of a national reserve, it's just a one-off purchase to test the waters.

I understand what you are saying, but I guess it won’t be the case.
Obviously this is a test, 1million USD is a test.
But I think there is no need to upset the ECB with bold declaration.
They can for sure buy bitcoin from time to time, without announcing any program.
Of course they already are under the ECB spotlight: they must play it correctly not to irate them.

I personally don't see this as just a one off test purchase. Sometimes the initial step in building reserves is to quietly enter the market in small amounts. Especially when a big regulator like the ECB is watching. I'd like to hear your thoughts again.

China vs. the United States has a new conflict over Bitcoin. We have been seeing tension over political and diplomatic issues for a long time. Now I saw in the news that China is claiming that the US government has seized 1,27,000 BTC from one of their mining companies. Which is worth about $13 billion today. And the news says that this incident happened in 2020 when a mining pool named Lubian in China was hacked. The news also says that the United States has directly denied this allegation, claiming that they have nothing to do with this hack.

I have heard many people making various comments that China and the United States want to accumulate Bitcoin. But they are not in favor of buying Bitcoin. That is why they are creating conflict among themselves over that Bitcoin.
Now one question remains, why has Lubian Mining pool not disclosed it so far after so much Bitcoin was hacked?

Read the details here

If such a large amount of BTC were really lost, then a clear impact on the pool's payments, hashrate or market would have been seen in 2020. But there is no such transparent report. Lubian has not said anything on their part either.

And when the US government seizes a large crypto, it usually goes to auction later. It is not possible for them to hide such a huge amount of BTC quietly. And what you are hearing is that China and the United States want to collect Bitcoin, so they are creating conflict between themselves over Bitcoin. This is probably wrong.

Frankly, we all know that central banks never announce their strategic moves prematurely. They only announce something when their position is secure, the risks are locked in, and the market impact is manageable. So the possibility that the ECB has quietly started investing in Bitcoin is not a wild theory, but the natural way high-level monetary institutions operate.

Central banks never buy strategic assets while publicly shouting, because:
- They don't want to move the market. If the ECB announced a Bitcoin purchase program, the price would spike, and they would be at a disadvantage.
- They keep geopolitical options invisible. The fewer competitors know what they're doing, the greater their room for maneuver, especially in the context of monetary rivalry with the US, the increasing adoption of BTC
   by   smaller countries, and the threat of the digital yuan industrialization.
- They must maintain an anti-crypto appearance while quietly studying and securing their position. This is the standard operating procedure for central bank behavior, criticism upfront, adaptation behind the scenes.
- As a strategic reserve asset, BTC will be a game changer. If Europe wants to remain relevant in the digital economy of 2030, it cannot turn a blind eye to assets increasingly being treated as "digital gold."

And most importantly, central banks always act long before the public is aware of them. Transparency is merely a formality; the real strategy is always hidden. In monetary geopolitics, the less the enemy knows, the better position one can secure.

Your words are very close to reality. The way central banks work is that they never make any noise in the market and take any action. First they quietly strengthen their position, then they make announcements when necessary.

It is not unusual that Bitcoin is being seen as a kind of future reserve asset in the current geopolitical situation. It is natural that China, the United States, and the tendency of small countries to take BTC are all silently evaluating the issue.

So even if the ECB does something, we will know it at the end, not at the beginning. The history of central banks proves this

[Abuobyda218]

While everyone is scared by the current market conditions, four countries in the world are increasing their strategic reserves by purchasing Bitcoin. In this market, the United Arab Emirates is increasing its strategic reserves by buying Bitcoin. This week, El Salvador bought over 1000 Bitcoin.
Two new countries, Luxembourg and the Czech Republic, have taken advantage of this deep market to purchase Bitcoin to increase their strategic reserves of Bitcoin.

UAE , Luxembourg, EL Salvador, Czech Republic ,These four countries have taken advantage of the opportunity to buy Bitcoin in this market. Documenta

[JayJuanGee]

Frankly, we all know that central banks never announce their strategic moves prematurely. They only announce something when their position is secure, the risks are locked in, and the market impact is manageable. So the possibility that the ECB has quietly started investing in Bitcoin is not a wild theory, but the natural way high-level monetary institutions operate.

Central banks never buy strategic assets while publicly shouting, because:
- They don't want to move the market. If the ECB announced a Bitcoin purchase program, the price would spike, and they would be at a disadvantage.
- They keep geopolitical options invisible. The fewer competitors know what they're doing, the greater their room for maneuver, especially in the context of monetary rivalry with the US, the increasing adoption of BTC
   by   smaller countries, and the threat of the digital yuan industrialization.
- They must maintain an anti-crypto appearance while quietly studying and securing their position. This is the standard operating procedure for central bank behavior, criticism upfront, adaptation behind the scenes.
- As a strategic reserve asset, BTC will be a game changer. If Europe wants to remain relevant in the digital economy of 2030, it cannot turn a blind eye to assets increasingly being treated as "digital gold."

And most importantly, central banks always act long before the public is aware of them. Transparency is merely a formality; the real strategy is always hidden. In monetary geopolitics, the less the enemy knows, the better position one can secure.

Your words are very close to reality. The way central banks work is that they never make any noise in the market and take any action. First they quietly strengthen their position, then they make announcements when necessary.

It is not unusual that Bitcoin is being seen as a kind of future reserve asset in the current geopolitical situation. It is natural that China, the United States, and the tendency of small countries to take BTC are all silently evaluating the issue.

So even if the ECB does something, we will know it at the end, not at the beginning. The history of central banks proves this

You make a lot of reasonably good points about supposedly public institutions and/or public entities having incentives to hide what they are doing, even if they might have mandates to be transparent in various ways (such as treasuries, income and/or spending).

There are various ways of obscuring information, and I doubt that the tools related to bitcoin, other cryptos and other ways of monitoring is always going to cause the obscuring of information to be obvious.. even though some people might reach the proper conclusion.  Think about how BIG FTX was able to get , and even to have the assistance of various entities to make it seem like it was running a legit operation, and in the end, they hardly had any BTC... The obscurity could go in either direction in terms of whether they have to coins they claim to have or they have coins that claim to not have.  After shit blows up, then it might retrospectively appear to be obvious as we are looking through the rear view mirror and no longer able to do anything about what should have had been obvious information in front of our faces... forms of obscurity in plain site.

While everyone is scared by the current market conditions, four countries in the world are increasing their strategic reserves by purchasing Bitcoin. In this market, the United Arab Emirates is increasing its strategic reserves by buying Bitcoin. This week, El Salvador bought over 1000 Bitcoin.
Two new countries, Luxembourg and the Czech Republic, have taken advantage of this deep market to purchase Bitcoin to increase their strategic reserves of Bitcoin.

UAE , Luxembourg, EL Salvador, Czech Republic ,These four countries have taken advantage of the opportunity to buy Bitcoin in this market. Documenta

Each of these countries are likely much smarter than German's mid-2024 choice to sell around 50k bitcoin in the mid $50ks.

[fillippone]

Interesting development on how to accrue a Bitcoin Strategic Reserve in a cash neutral way (sort of)

Congressman Warren Davidson Introduces Bitcoin For America Act, Proposes Federal Tax Free Payments in Bitcoin

Rep. Warren Davidson (R-OH) introduced today the Bitcoin For America Act in the U.S. House of Representatives, a landmark proposal designed to modernize the U.S. financial system and position the nation at the forefront of the global digital asset economy.

The bill would allow Americans to pay federal taxes in bitcoin, with all proceeds deposited into a newly created Strategic Bitcoin Reserve (SBR).

I really can't see how they can acquire a significant amount of Bitcoin with this measure. Last thing I would like to do on Earth, albeit this is not 100% rational, is paying taxes with bitcoins.

[Taskford]

While everyone is scared by the current market conditions, four countries in the world are increasing their strategic reserves by purchasing Bitcoin. In this market, the United Arab Emirates is increasing its strategic reserves by buying Bitcoin. This week, El Salvador bought over 1000 Bitcoin.
Two new countries, Luxembourg and the Czech Republic, have taken advantage of this deep market to purchase Bitcoin to increase their strategic reserves of Bitcoin.

UAE , Luxembourg, EL Salvador, Czech Republic ,These four countries have taken advantage of the opportunity to buy Bitcoin in this market. Documenta

Each of these countries are likely much smarter than German's mid-2024 choice to sell around 50k bitcoin in the mid $50ks.

Well maybe German government think that they had nothing to lose but they gain easy money for dumping their seize coins at that time. This action show that they are not ready to invest on Bitcoin yet. Maybe the government officials in that country is not confident on their knowledge about Bitcoin, but if they follow those actions done by those notable countries still acquiring Bitcoin despite of these current market challenges happening. For sure they will find out that Bitcoin investment is more exciting as what they have thought.

To bad for them them to sell that 50k Bitcoin since if Germany would like to invest on Bitcoin in future, they provably start from scratch again.

[Bluedrem]

Interesting development on how to accrue a Bitcoin Strategic Reserve in a cash neutral way (sort of)

Congressman Warren Davidson Introduces Bitcoin For America Act, Proposes Federal Tax Free Payments in Bitcoin

Rep. Warren Davidson (R-OH) introduced today the Bitcoin For America Act in the U.S. House of Representatives, a landmark proposal designed to modernize the U.S. financial system and position the nation at the forefront of the global digital asset economy.

The bill would allow Americans to pay federal taxes in bitcoin, with all proceeds deposited into a newly created Strategic Bitcoin Reserve (SBR).

I really can't see how they can acquire a significant amount of Bitcoin with this measure. Last thing I would like to do on Earth, albeit this is not 100% rational, is paying taxes with bitcoins.

Even if the law is passed, I have doubts about how the citizens of the country will take it. Because when a person goes to pay taxes in Bitcoin, it will be revealed that he is a Bitcoin holder. I think a person often invests in Bitcoin to hide his financial status. Yes, some people may make their debut in Bitcoin and pay taxes in Bitcoin.
If this proposal is passed and to increase its acceptance among the public, I think it will first be easier to use Bitcoin and at the same time people's fear of Bitcoin must be removed. This proposal may be effective if the use of fiat currency goes close to zero. Although it is difficult to say what will actually happen if the proposal is implemented, but I think people will not want to pay taxes with the Bitcoins they have as long as they have an alternative way to pay taxes.

[JayJuanGee]

While everyone is scared by the current market conditions, four countries in the world are increasing their strategic reserves by purchasing Bitcoin. In this market, the United Arab Emirates is increasing its strategic reserves by buying Bitcoin. This week, El Salvador bought over 1000 Bitcoin.
Two new countries, Luxembourg and the Czech Republic, have taken advantage of this deep market to purchase Bitcoin to increase their strategic reserves of Bitcoin.
UAE , Luxembourg, EL Salvador, Czech Republic ,These four countries have taken advantage of the opportunity to buy Bitcoin in this market. Documenta

Each of these countries are likely much smarter than German's mid-2024 choice to sell around 50k bitcoin in the mid $50ks.

Well maybe German government think that they had nothing to lose but they gain easy money for dumping their seize coins at that time. This action show that they are not ready to invest on Bitcoin yet. Maybe the government officials in that country is not confident on their knowledge about Bitcoin, but if they follow those actions done by those notable countries still acquiring Bitcoin despite of these current market challenges happening. For sure they will find out that Bitcoin investment is more exciting as what they have thought.

To bad for them them to sell that 50k Bitcoin since if Germany would like to invest on Bitcoin in future, they provably start from scratch again.

Personally, I get the sense that even if governments were to figure out some kind of a way to accumulate bitcoin and to put some emphasis on building and holding the soundest of assets, they would still end up screwing things up, since an overwhelming majority of governments cannot seem to get over their "god complex," in which they are ongoingly trying to manipulate things and even to not be able to control their spending beyond their income and/or their capabilities.. So even if some of these countries were to get 5% to 25% of their treasuries in bitcoin, they would likely end up borrowing against their bitcoin so heavily that they pretty much negative their responsible behavior with irresponsible behavior.

Even if there might be some benevolent aspects of governments, they will tend to gravitate towards abusing their position, especially in the money printing department.  We have seen such conduct over and over again, so even though bitcoin has properties that can incentivize governments to be more responsible in their behaviors, there likely needs to be some relearning of behaviors so that they can figure out ways to not abuse their authority to either print money or to issue debt even if they might have figured out how to build and maintain sound money underpinnings, such as bitcoin.

Interesting development on how to accrue a Bitcoin Strategic Reserve in a cash neutral way (sort of)
Congressman Warren Davidson Introduces Bitcoin For America Act, Proposes Federal Tax Free Payments in Bitcoin

Rep. Warren Davidson (R-OH) introduced today the Bitcoin For America Act in the U.S. House of Representatives, a landmark proposal designed to modernize the U.S. financial system and position the nation at the forefront of the global digital asset economy.

The bill would allow Americans to pay federal taxes in bitcoin, with all proceeds deposited into a newly created Strategic Bitcoin Reserve (SBR).

I really can't see how they can acquire a significant amount of Bitcoin with this measure. Last thing I would like to do on Earth, albeit this is not 100% rational, is paying taxes with bitcoins.

Even if the law is passed, I have doubts about how the citizens of the country will take it. Because when a person goes to pay taxes in Bitcoin, it will be revealed that he is a Bitcoin holder. I think a person often invests in Bitcoin to hide his financial status. Yes, some people may make their debut in Bitcoin and pay taxes in Bitcoin.
If this proposal is passed and to increase its acceptance among the public, I think it will first be easier to use Bitcoin and at the same time people's fear of Bitcoin must be removed. This proposal may be effective if the use of fiat currency goes close to zero. Although it is difficult to say what will actually happen if the proposal is implemented, but I think people will not want to pay taxes with the Bitcoins they have as long as they have an alternative way to pay taxes.

You may be correct.

There are many guys who keep KYC bitcoin and non-KYC bitcoin, and so it can some times be difficult to keep these separate, especially if there are more and more contacts in which the KYC status is confirmed, since presumptively any of us paying our taxes with bitcoin would be doing so with bitcoin that we already own, and maybe we would be doing so with bitcoin that is either already on exchanges (or other third party custodians) or coins that are only 1 or 2 hops away from having had been connected with exchanges and/or custodians.

Many of us recognize and appreciate that the coin tracking services are becoming more sophisticated, yet at the same time, there are also a lot of examples of coin tracking services being abused by government officials when they want to persecute some person that may or may not deserve being persecuted.  Surely, we cannot always trust that government agencies are serving public interests without sometimes being abusive of their authorities.. and maybe the courts and/or legal systems cannot necessarily sort things out when a person is being prosecuted by a government that is determined to "teach a lesson" or even to provide and example to deter others... for example the Samauri case.. and surely there have been other cases too where individual financial liberty, and privacy have been under attack since many times governments (and perhaps financial institutions and/or status quo rich) do not want regular people to enjoy freedom to transact in private ways and with whoever they would like.

[fillippone]

Personally, I get the sense that even if governments were to figure out some kind of a way to accumulate bitcoin and to put some emphasis on building and holding the soundest of assets, they would still end up screwing things up, since an overwhelming majority of governments cannot seem to get over their "god complex," in which they are ongoingly trying to manipulate things and even to not be able to control their spending beyond their income and/or their capabilities..

This is what governments usually do: “screw things up”.
Bitcoin is not for governments, so when they attempt to seize bitcoin, the results will likely be negligible or even detrimental to adoption.

[Abuobyda218]

Personally, I get the sense that even if governments were to figure out some kind of a way to accumulate bitcoin and to put some emphasis on building and holding the soundest of assets, they would still end up screwing things up, since an overwhelming majority of governments cannot seem to get over their "god complex," in which they are ongoingly trying to manipulate things and even to not be able to control their spending beyond their income and/or their capabilities..

This is what governments usually do: “screw things up”.
Bitcoin is not for governments, so when they attempt to seize bitcoin, the results will likely be negligible or even detrimental to adoption.

Even if the government could seize Bitcoin, it would not be able to seize all Bitcoins. That is, if there were a control system like money or dollars, then perhaps the government could destroy Bitcoins. The government can only increase inflation by printing money, dollars, etc. It can seize bank accounts and freeze transactions. But the government has no control over Bitcoin wallets, increasing the supply of Bitcoin. The government can only temporarily have some impact on the Bitcoin market.

[Bluedrem]

This is what governments usually do: “screw things up”.
Bitcoin is not for governments, so when they attempt to seize bitcoin, the results will likely be negligible or even detrimental to adoption.

If the government wants to confiscate and destroy Bitcoin in order to protect fiat currency, i.e. all the assets they control, I would say that this is even better news for Bitcoin, i.e. Bitcoin holders. I think a country's government will never be able to confiscate all Bitcoin. How much Bitcoin can they confiscate, 20%, 30%, 40%, 50% or 90% of the total supply? If this is real, then every Satoshi Bitcoin will be worth the same. Since people have understood the benefits of using Bitcoin and how Bitcoin protects their assets from inflation, they will not stop using it, i.e. storing it. They will not want their assets to be under the control of the government.
If the government really wants to confiscate Bitcoin and force people to use fiat currency, I would say that it will never bring the government ultimate success or the government will be able to implement it to a very small extent. Since people are aware of Bitcoin, it will not be stopped in any way and it will spread day by day.

[Jaksonhard]

For the first time in 2025, Bitcoin is now under the average ETF cost basis. This indicates a buying opportunity for long-term holders, because the price now sits below what most ETFs paid. While some may panic, seasoned traders often look at dips like this as a buying opportunity for more Bitcoin.



https://x.com/BitcoinArchive/status/1992251032978555049?t=zEnv3FkpNBJTBJu0G36-UA&s=19

[fillippone]

For the first time in 2025, Bitcoin is now under the average ETF cost basis. This indicates a buying opportunity for long-term holders, because the price now sits below what most ETFs paid. While some may panic, seasoned traders often look at dips like this as a buying opportunity for more Bitcoin.



https://x.com/BitcoinArchive/status/1992251032978555049?t=zEnv3FkpNBJTBJu0G36-UA&s=19

How this post is relevant to thread, exactly?
Guys, this thread has been derailed so many times, but please keep a minimum decency when considering what to post.

[Derekfunds]

Personally, I get the sense that even if governments were to figure out some kind of a way to accumulate bitcoin and to put some emphasis on building and holding the soundest of assets, they would still end up screwing things up, since an overwhelming majority of governments cannot seem to get over their "god complex," in which they are ongoingly trying to manipulate things and even to not be able to control their spending beyond their income and/or their capabilities..

This is what governments usually do: “screw things up”.
Bitcoin is not for governments, so when they attempt to seize bitcoin, the results will likely be negligible or even detrimental to adoption.

You are absolutely correct, I don't think it is easy for the government to seize Bitcoin because if it was by now I believe they would have done it already because they like been at the Apex of everything that is in the society. And I don't also think they like the fact that some folks are accumulating Bitcoin to a high extreme but there is nothing they can do to help it because Bitcoin is decentralized and they don't have power to control how it works though they can influence it somehow but their power is limited.