Everything you wanted to know about Bitcoin Strategic Reserve

[LoyceV]

Donald Trump signed an executive order:
STRENGTHENING AMERICAN LEADERSHIP
IN DIGITAL FINANCIAL TECHNOLOGY

Aren't they FAR behind Europe when it comes to digital banking? They still use cheques, right? Here, for years now, most bank transactions are instant. And although I don't like all of it (less and less cash means less privacy, bank tellers are basically non-existent, all your interactions are with machines and in our tiny country alone banks employ 13,000 people to check their customers for complience), it works fast.

Really good to see they scrapping the idea of CBDC, I think the concept was dying its natural death anyway.

I could get behind a "DC" as a means to lower the power of banks, but by the looks of it (at least in Europe), they don't want to cut out the lucrative middle man. And I most definitely don't like the "CB" part, where they can control everything, ranging from negative interest to freezing your money and knowing every transaction you ever made.

[DrBeer]

There is a lot of bitcoin reserve information, hype, speculation, throw-ins, and more right now. On the one hand “technological” alternative to gold and fiat currencies is good and useful.
On the other hand - do you not consider the variant of hype around this topic, as for example “alternative to the arms race”, aimed at destroying the economy of some countries ? I remembered a very interesting example, who remembers the times of “cold war”, when the U.S. launched the project SDI - Strategic Defense Initiative. There was a lot of hype, discussions, projects, it was told about the need to invest trillions of dollars in this program. The USSR then “took the bait”, the result is known to all:
- The U.S. created nothing but hype.
- The USSR economy did not survive such a race and collapsed completely burying the USSR.
What do you think ?

Profit to all of you !

[LoyceV]

do you not consider the variant of hype around this topic ~ aimed at destroying the economy of some countries ?

No. Many countries are destroying their economy on their own. If anything, fiat money is used to control countries. But it's going to be interesting once countries take debt in Bitcoin, and have to pay it back when it's worth 10 times more.

[fredericktaylor]

Bitcoin as a digital currency has a very important future.
BTCBTCBTC

Nubank new technological developments will bring major changes to the financial sector in Latin America.  Berkshire Hathaway sees an opportunity to profit from Bitcoin in the long term.



source: https://x.com/BTC_Archive/status/1882486399313834411?t=RBXEFEKPgHkCvYTlMTnw0Q&s=19

[arwin100]

Bitcoin as a digital currency has a very important future.
BTCBTCBTC

Nubank new technological developments will bring major changes to the financial sector in Latin America.  Berkshire Hathaway sees an opportunity to profit from Bitcoin in the long term.



source: https://x.com/BTC_Archive/status/1882486399313834411?t=RBXEFEKPgHkCvYTlMTnw0Q&s=19

He's not a big fan of Bitcoin so better for people not to buy that news since they are just been manipulated so that their post or article will get some views.

Warren Buffet still distancing his self on Bitcoin and he still believe on traditional investment. Better for people to pay more attention on those countries that announcing their plans to create a Bitcoin reserve since this has more chance to happen than Warren Buffet will change his mind and invest on Bitcoin.

Although he put some investment on that bank but provably he would stay on traditional financial system.

[Shadiq]

The SAC has officially repealed SAB 121 which had prevented banks from providing Bitcoin custody services. Banks can now offer Bitcoin services to their customers.

Will we see positives in Bitcoin due to such a move by the SAC? I think it will definitely be positive for Bitcoin and Bitcoin’s popularity can increase. If Bitcoin services become easier, its exchange will definitely increase.


Source: https://x.com/BTC_Archive/status/1882565586250871040?t=Z5kdls-VBDTHavmdZN06vg&s=19

[LoyceV]

The SAC has officially repealed SAB 121 which had prevented banks from providing Bitcoin custody services. Banks can now offer Bitcoin services to their customers.

So they can compete against Paypal, ETFs and exchanges? Bitcoin wasn't created to hand over custody.

[BlackHatCoiner]

Now I'm almost convinced there will be a Bitcoin strategic reserve in the US. I still have some questions regarding the implementation of this big continuous purchase, but everything will be answered soon.

The SAC has officially repealed SAB 121 which had prevented banks from providing Bitcoin custody services. Banks can now offer Bitcoin services to their customers.

So they can compete against Paypal, ETFs and exchanges? Bitcoin wasn't created to hand over custody.

Hard to swallow pill: Bitcoin was created so you can do whatever you want with it. Voluntarily handing over custody is one option. I imagine banks selling services in exchange for bitcoin, like loans. Examine how valuable self-custody is for you, and practice accordingly.

[Pi$$]

More good news on the Bitcoin strategic reserve, supports from the Senator Cynthia

[GIF-JOBS]

Americans deserve BTCitcoin only!"  

Publicly traded Exodus CEO: "I say no XRP in the strategic reserve! Americans deserve bitcoin only!"


https://x.com/BitcoinMagazine/status/1882868647187959937?t=NQ7Ku_BWXCZRgRsANqQBAQ&s=19

[Ambatman]

Now I'm almost convinced there will be a Bitcoin strategic reserve in the US. I still have some questions regarding the implementation of this big continuous purchase, but everything will be answered soon.

OTC or through TWAC(time weighted average cost) where large buys are broken into smaller unit over a period of time.
This is how MSTR accumulate their Bitcoins to limit the impact on the market.

So they can compete against Paypal, ETFs and exchanges? Bitcoin wasn't created to hand over custody.

A choice and many are going to pick handing over custody
They are used to the system and blind to its faults.

[fillippone]

Americans deserve BTCitcoin only!"  

Publicly traded Exodus CEO: "I say no XRP in the strategic reserve! Americans deserve bitcoin only!"


https://x.com/BitcoinMagazine/status/1882868647187959937?t=NQ7Ku_BWXCZRgRsANqQBAQ&s=19

Jack Mallers is quite straightforward on the point:



No shitcoins in the Strategic Reserve!

[Cossyblack]

upload

[Pi$$]

Donald Trump say, "The United States will be the world capital of Crypto."

https://x.com/saylor/status/1882467218665148481

This is just the beginning for us. Trump wasnt lying when he said we are going to win so much that we will get tired of winning.

I bet he was referring to mostly holders of Bitcoin.

[Pi$$]

Recently BlackRock files to allow in-kind creations and redemption for its spot Bitcoin ETF. This is huge news for share holders



https://x.com/BitcoinMagazine/status/1882900165046177839

[Bitcoin_people]

Michael Saylor released a Framework for the USA to make $81 TRILLION by establishing a Strategic #Bitcoin Reserve.
https://x.com/Vivek4real_/status/1882875811189194811?t=0Xbt29x-Ox8Hak16pptftA&s=09

[LoyceV]

Michael Saylor released a Framework for the USA to make $81 TRILLION by establishing a Strategic #Bitcoin Reserve.

That's a lot of speculation....

[Shadiq]

MicroStrategy announces debt buyback amid potential tax on BTC gains

According to data from SaylorTracker, MicroStrategy shares are currently trading at a net asset value (NAV) of 1.86x.



Source: https://cointelegraph.com/news/microstrategy-redeem-2027-senior-convertible-notes

[GIF-JOBS]

MicroStrategy announces debt buyback amid potential tax on BTC gains

According to data from SaylorTracker, MicroStrategy shares are currently trading at a net asset value (NAV) of 1.86x.



Source: https://cointelegraph.com/news/microstrategy-redeem-2027-senior-convertible-notes

I think this thread should only discuss nation-state Bitcoin, not Microstrategy.

Because there is a separate thread to discuss Microstrategy. So if you want to discuss Microstrategy, post here. 

    
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

[fredericktaylor]

Bitcoin breakout is important to the reserve because it can ensure a rise in price, which boosts investor confidence and increases liquidity in the market. BTCBTCBTC



source: https://x.com/Washigorira/status/1883112292054888544?t=Qn-Qr_llFQ846W-WWjR3wA&s=19

As stated here, Bitcoin (BTC) is currently testing an important price level or “power law corridor”, which is denoted by the blue line on the chart.  This is a level that is critical to the rise or fall of the Bitcoin price.