US burns through nearly half of government's Bitcoin reserve in first week of Ir

[Quantum_Resolve7987V]

The first week of America’s war with Iran already cost taxpayers more than $11 billion, about half the total value of the government’s Bitcoin holdings, according to figures provided to Congress behind closed doors.

To put that in context, the US government has 328,372 Bitcoins, worth around $23.13 billion, as of March 13. This indicates that the combat has already used up around half of that total, or 48.9%.

At that rate, the entire Bitcoin reserve, roughly $1.88 billion every day, would be exhausted in just over 12 days.


https://www.mexc.co/en-PH/news/920399

I dont know what people make of this but it's not like the us government is SELLING bitcoin to fund the war. The money for the bombs and stuff comes from taxing usa citizens and printing more paper money. Bitcoin doesn't even come into the picture at all. So I'm not sure this war will push bitcoin price higher. Trump doesn't need bitcoin to bomb other countries.

The only losers in this are american citizens who will see higher taxes and more inflation...same old sh*** i'm off my soapbox now!

[Die_empty]

This topic doesn't relate to Bitcoin since the government is financing the war from other sources.  It would have made sense for the US government to decide to sell or buy more Bitcoin to finance the war. US citizens will bear the consequences of this war but it's like Trump has plans to get back the money spent on the war. Some news outlets reported that the US military is targeting to take over Kharg Island which is the economic lifeline of Iran. If the US achieve a change of government, they might take over Iranian oil just like Venezuela