(Bitcoin Reserve) What will be your Suggestion

[Doan9269]

US could sell it Gold to Buy Bitcoin, as some already purported.

What do you think of this idea, because this is all about having a foresight on having a lucrative business initiative, lately US have been showing interest on bitcoin reserve but there have not been any further discussions about the progress on it, despite the recent Congress meeting that was held last month which involves the invitation of Michael and many other Bitcoin whales/enthusiasts towards the way forward in having a bitcoin reserve.

I also want to emphasize that the strategy to use for this intention should  not include other cryptocurrencies if they are truly well prepared for such, bitcoin reserve is what must be considered and not crypto reserve that may constitutes other altcoins, so they don't fail already right before starting.

However, how about them selling from the gold reserve they are holding over the years, because if we are to compare bitcoin to gold in terms of profitability, we already know the best most preferred as of now to choose over the other, another thing to look upon is that if US is taking into consideration the use of all digital assets being seized for its strategic reserve, but then I will cease to recognize them as bitcoin investors, because stolen coins cannot be claimed by them and used for their reserve, except been distributed to orphans and those in need as charity.

In other for us to be able to discuss further, what is our take on the subject matter and the options available below as your suggestion with reasons.

1. Convert some of the Gold Reserves for Bitcoin Reserve.
2. Invest in Bitcoin from the Treasury/Country Assets.
3. Use the Confiscated Cryptos for Bitcoin Reserve.


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[Ruttoshi]

If you have observed the market since Trump took over as president, Gold is doing better than bitcoin in profits which I think wouldn't make Trump to consider selling some fraction of their gold to buy bitcoin. I agree with you that Trump isn't suppose to add those shitcoins as part of US reserve. But what do you expect from a shitcoin owner, he will support his other colleagues.

US can still not touch their gold but buy bitcoin with whatever means that US can use to purchase bitcoin, because I believe the country is rich enough to plan for a DCA accumulation method which they can use to buy bitcoin monthly, bimonthly or quarterly.

[betswift]

Even if they do that, they will put a small fraction over BTC in the perspective and see how it will stick and how much profit they will make / what they will do afterward is up to even bigger speculation.

[Ambatman]

I don't really see the US selling their Gold for Bitcoin
They are where they are today because of Bitcoin.
Besides despite been relatively slow it's doing it's job well not to mention less risky.

2. They don't have such fund to spare unlike El Salvador the US isn't a small country. Not to mention a Country wouldn't want to go all in from an unventured territory.

3. This is safer and what they are currently doing. But it's to be slow to accumulate an amount that can make a difference.

Maybe then just have to balance it little With option 2.

[Fivestar4everMVP]

In other for us to be able to discuss further, what is our take on the subject matter and the options available below as your suggestion with reasons.

1. Convert some of the Gold Reserves for Bitcoin Reserve.
2. Invest in Bitcoin from the Treasury/Country Assets.
3. Use the Confiscated Cryptos for Bitcoin Reserve.

Well, for me, I honestly think the best thing for them to do is to invest in bitcoin from their treasury or their country's asset, while they keep holding their already acquired gold as a good diversification to bitcoin..

But on the other hand, it is commonly said that one used what he or she has to get what he or she wants, $800 billion dollars in gold alone is a lot of money, and in the absence of using the US treasury or assets to buy bitcoin, they can as well decide to take out $300 billion dollar from gold and invest that in their bitcoin reserve.

Crypto seized or confiscated from people should never be used as a reserve for the country, it doesn't look like it's the right thing to do.

[BenCodie]

What I've found in the past is that news and sentiment shifts are timed strategically. This kind of news is bullish, though it may not happen until it's realistic for it to happen. Right now, it's not realistic for it to happen. I could see it happening in the next cycle. To me, this is similar to Michael Saylor buying Bitcoin the media covering it aggressively at the 2020-21 top...it's a smart play, but it didn't send Bitcoin to the moon (we all saw what followed) and Saylor really became a genius in the next cycle. I could be totally wrong and this could be a move that continues the 2-year upward trend into its third year, though I doubt it.

[Apocollapse]

Gold currently at ATH, this will be a good momentum for them to sell some gold to buy Bitcoin which not in ATH.

I think trading BTC/XAU could be profitable because their price moves quite different, sadly I didn't invest in XAU or gold, if Bitcoin price reach $120K-ish, I consider to sell some for gold.

If US start to sell their gold, this will make panic in gold market.

[Outhue]

It is not a must, they can keep their gold, print more money and buy Bitcoin, each ever way they choose to go it is all good, Bitcoin knows no Trump, it will be fine without their involvement anyways.

I read online some hours back that the US plan to use stable coins like Fiat but choose to use BTC as reserve, it makes sense, many countries won't be able to catch up very fast as many still think that this is a stupid idea, I believe it is a very good idea.

People saying that seized crypto shouldn't be used as reserve, I have a question for you, what do you think its best for such money? For a leader who aim to repair a spoilt country I am sure such funds will come in handy, or are they suppose to be returned to the hackers.

[Upgrade00]

The source of the investment isn't that important, only delegates to a different agency. What is more important is that outcome;

• At what rates will the investment be made?
• How long do they intend to hodl for?
• What storage mode will be used?

The government should do their due research to ensure the coins are stored safely, and they have a clear roadmap on how long they want to do this, rather than starting and panic selling if there's a dump and some backlash.

[betswift]

Gold currently at ATH, this will be a good momentum for them to sell some gold to buy Bitcoin which not in ATH.

I think trading BTC/XAU could be profitable because their price moves quite different, sadly I didn't invest in XAU or gold, if Bitcoin price reach $120K-ish, I consider to sell some for gold.

If US start to sell their gold, this will make panic in gold market.

Are you sure? They won't sell it that much to the extent to create a panic, imo..

[dzungmobile]

It is not a must, they can keep their gold, print more money and buy Bitcoin, each ever way they choose to go it is all good, Bitcoin knows no Trump, it will be fine without their involvement anyways.

Print more money means higher inflation and they don't want it. Governments want to control inflation as most as possible but they only make their national inflation rates worse with time and their fiat currency power decreases a lot with time.

Even so I don't think they are ready to print more money only because of their interest in Bitcoin for their national strategic reserves. Selling gold is a more realistic option than printing more money. Moving from gold to Bitcoin is a big strategic shift and not many nations are ready to take this big shift even they only sell part of their national gold reserves for Bitcoin.

Gold has a longer history as a strategic reserve and decades ago, gold is used in Gold standard. The times for Bitcoin Standard is still far at national and global scale.

[Doan9269]

If you have observed the market since Trump took over as president, Gold is doing better than bitcoin in profits which I think wouldn't make Trump to consider selling some fraction of their gold to buy bitcoin. I agree with you that Trump isn't suppose to add those shitcoins as part of US reserve. But what do you expect from a shitcoin owner, he will support his other colleagues.

We all know how gold has been performing well since last year and same do bitcoin, if you will not forget quickly that we made a all time high of $109,000 with the bitcoin market price, from here we are still moving henceforth more bullish, as the market is going and it just happened as a coincidence that they are both performing well now, but for us to make an overall assessment on their performances both, bitcoin is still a step higher than gold when it comes to profitability.

US can still not touch their gold but buy bitcoin with whatever means that US can use to purchase bitcoin, because I believe the country is rich enough to plan for a DCA accumulation method which they can use to buy bitcoin monthly, bimonthly or quarterly.

Even if they are not selling their gold now that its at the peak, which i don't know their reason on that, they can still use some other asset towards considering for bitcoin and invest.

Gold currently at ATH, this will be a good momentum for them to sell some gold to buy Bitcoin which not in ATH.

I think trading BTC/XAU could be profitable because their price moves quite different, sadly I didn't invest in XAU or gold, if Bitcoin price reach $120K-ish, I consider to sell some for gold.

If US start to sell their gold, this will make panic in gold market.

Perfect idea, because this is something they should see as an investment opportunity, gold is already high and has been on this since last year, if they can sell to invest in bitcoin and also sell bitcoin when it make another ATH before the end of the year, they may still have another investment opportunity of going back on gold to buy the dip and invest, i got your whole idea, its somehow very lucrative only if they can reason on this and consider it the best option, gold is high now, sell it and invest in bitcoin, when it also make highs then you sell to reinvest on gold when it might have been down, doing this and continue will be a great profit only if they can recognize such.

[mindrust]

Selling gold is not the brightest idea. I don’t care about the reason. One does not simply sell his godl.

Why don’t they ask Powell for money? The FED can print it and hand it over to the government. They always raise the debt ceiling so raising it further to buy bitcoin can’t hurt nobody.

If you think that’s a dumb idea, then I’d tell you that selling godl is a much much dumber idea. Especially when godl is making new all time highs lately.

[pooya87]

Centralization in any form or degree is a terrible thing to happen in the decentralized bitcoin world.
When some investment company buys bitcoin or some corrupt banksters buy bitcoin, it has always been terrible and people have complained.
When some big mining farm or the mining pools start growing and controlling a lot of the hashrate, it is a terrible thing and people have complained in the past.
Now suddenly less people are complaining about a government possibly buying large amounts of bitcoin and gaining control over the market! It is just as bad not to mention that as I theorized in a recent topic they can manipulate the price to cover their budget deficit which is terrible for future of bitcoin.

As for the title, I have to say they could do something a lot worse which is to print dollar to buy bitcoin...

Gold currently at ATH, this will be a good momentum for them to sell some gold to buy Bitcoin which not in ATH.

Central banks in most countries are on a gold buying spree. I don't think anybody is foolish enough to sell it just because it is at an ATH.

[freedomgo]

Trump said they’d consider Bitcoin as a national reserve but didn’t promise aggressive investing. They’ve already confiscated a lot of Bitcoin, maybe they’ll start with that.

Even before Trump’s announcement, there were past proposals about selling some of their gold reserves to buy Bitcoin. And like Trump said, they want to be the global leaders in crypto, not sure how they’ll pull that off. When it comes to gold, they’re already the biggest holders, but with Bitcoin? They’ll have to figure that out. Maybe more confiscations? Because if they go that route, they won’t need extra capital - just effort.

[Faisal2202]

1. Convert some of the Gold Reserves for Bitcoin Reserve.
2. Invest in Bitcoin from the Treasury/Country Assets.
3. Use the Confiscated Cryptos for Bitcoin Reserve.

Actually you are right, reading at first, I thought it is the worst idea to sell Gold to buy BTC but when I searched on Google, the news is really saying, whitehouse has plans to sell the profits to buy BTC, well, if that is what they are exploring, then that's their choice but I don't think they will agree on this.

But if they are going to use gold then we should not expect that they will only invest in BTC, as you might know when Trump made a tweet about reserve things, he forget to mention BTC and ETH he mentioned three alts first and then requoted it by mentioning BTC and ETH.

[NotFuzzyWarm]

Where do folks keep coming up with these 'alternatives'?
The ONLY thing officially on the table is:

3. Use the Confiscated Cryptos for Bitcoin Reserve.

PERIOD. The US gov does NOT invest in stocks or other financial products that have to be bought. To do so would require new laws to be passed because the US Treasury is not allowed to do that.

[OgNasty]

Trump should just order everyone to send him their Bitcoin like they did with gold back in the day. Then America could control all the Bitcoin and set the price at whatever they want. They could even then distribute all the Bitcoin to transgender people as reparations for being born in the wrong body. If Trump doesn’t do this he’s racist.

[m2017]

1. Convert some of the Gold Reserves for Bitcoin Reserve.
2. Invest in Bitcoin from the Treasury/Country Assets.
3. Use the Confiscated Cryptos for Bitcoin Reserve.

1. I doubt that this will happen. Gold will be used as a reserve for a long time. Bitcoin will not be able to completely replace it. We still continue to live in the material world, and bitcoin, unfortunately, will never be able to have physical use, since it is a digital form of financial assets.

2. At the moment, apparently, this is not planned, since the current administration has stated that it will not buy bitcoin. If I were in their place, I would not buy either and would introduce a law on confiscation (restricting the limit of ownership of bitcoin), as it was in the past (with gold). Anyone who exceeds the limit of ownership of bitcoin will have their savings confiscated (for exceeding the limit). People in horror should disclose their savings, and those who didn't do so will have their savings confiscated.

3. This has already been announced. This is the most successful solution. If I were the president, I would do exactly this.

The benefit is obvious: no budget is spent on purchasing bitcoin, but at the same time a BTC-reserve is formed for the future.

[franky1]

strategy mentioned so far

a. bitcoin reserve only ADDS/HOLDS btc. no selling EVER. and only holds BTC not altcoin or other assets in 'btc reserve'
b. hold/sell altcoin in 'stockpile'
c. hold/sell US assets(real estate, etc) in 'sovereign wealth fund'

possible strategy

a. sell altcoin from 'stockpile'
    sell US empty HQ buildings from 'sovereign asset stockpile"
    buy BTC to add to bitcoin reserve

b. use held BTC as collateral to create bonds/shares of trust that peg the price.. sell the bonds to citizens and commerce.
    let citizens and commerce then trade between each other those bonds at the peg price

c. when price is low buy-back bond/share.
    when price is high sell-out bond/share.

EG
accumilate 100k btc at a average price of $100k each (value $10b)
create the bond/share peg secondary market
have 1 share/bond at $10 each( at a btc1:10000share/bond rate), meaning 1billion shares/bonds at $10 each(but not released yet)

wait till, lets say btc ATH market price is say $300k/btc

sell/release the shares/bonds at $30each to get $30b
then let the market participants buy and sell between each other. play the market as thee market changes
then either
a. buy upto $30b of actual btc to accumulate more btc
b. spend upto $30b on public services
c. paying down public debt

or
if the market corrects down to $100k/btc again(post ATH correction).
buy upto $20b of actual btc(accumulate more) meaning another 200k btc(300k total) and buy back UPTO $10b of shares/bonds at $10 each meaning all the shares/bonds of the initial 100k btc pegged shares/btc

repeat but with a total of UPTO 300k btc pegged to shares/bonds at a btc1:10000share/bond rate