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

[joniboini]

Even if they want to dump Bitcoin to fund their wars, they'd probably do it in batches and OTC. Can't imagine them using Binance to build a wall of sell orders, for example. But anyway, this is just for fun as far as I can see. I can't imagine why people think this news will encourage people to pump or dump their bags, other than some complicated narration of what aboutism. At least I hope so.

[CryptSafe]

The taxpayers' funds are what are used to fund wars, and the government does not give a damned thought about it. The citizens are just being too quiet over it, they could call their government to order. How can one pay their taxes, only to hear that it is used to fund war and all of that? It does not sound normal because when it gets exhausted, they would be the ones to pay higher taxes if the government decides to increase the taxes as a result of the ongoing war, so as to get funds to sustain their military in battle.

[aoluain]

Interesting comparison!

So while funding the war comes from different budgets the longer this war goes on the US
will have will have to liquidate their Bitcoin holdings as well as the furniture in the White house!

Let this be a lesson to everyone - dont do stupid senseless things which might threaten your
Bitcoin holdings.

[Findingnemo]

If the government starts selling their bitcoin holdings, it is good for the bitcoin whether it helps the price to rise or it causes a dump because it helps the bitcoin to be scattered among more holders rather than sitting somewhere and possibly will never be touched at all. I don't understand what is the point of saving the people of different countries while they are making the lives of their own citizens a hell while living but letting them to take all those burdens.

[philipma1957]

Interesting comparison!

So while funding the war comes from different budgets the longer this war goes on the US
will have will have to liquidate their Bitcoin holdings as well as the furniture in the White house!

Let this be a lesson to everyone - dont do stupid senseless things which might threaten your
Bitcoin holdings.

you should be ashamed to write this.


they will simply print money.

duh

personally the war saddens me a lot for many reasons.

But Since I live in the USA I prepped by buying a hybrid which gets 48 miles a gallon so the high fuel prices do not hurt me a lot.

The Middle East conflict will continue for at least a year and it will help

missle makers
oil drilling not in the Middle East.

and BTC since no physical asset is safe in all of the Middle East Iran has shown they will bomb any country so anyone in the missile range is safe guarding some wealth in BTC.

gold sucks bigly if Iran drops a missile on it.

BTW a better title would be :

USA is using all its defensive missiles will they run out defending against Iran?

[o48o]

-cut-
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!

I am pretty sure that those kids being bombed, their families and relatives are losing more then some U.S. citizens with their inflation. And i am not sure if taxes are the top 50 biggest problem they have atm.

Whole news have nothing to do with bitcoin anyway, or are we now comparing all news events on how they compare to the value of US btc reserves? And focusing to something like if btc price is affected because of this is tacky to say the least.

[Darker45]

War burns money, but it also creates. War is often economic, an investment. It might be different to that lowly soldier holding a gun, but to those who made the decision up there, there must be solid economic formula behind it. The US makes profit every time Israel drops a bomb. They supply 70% of Israel's arms. And because Iran retaliated not only against Israel but also against Qatar, Bahrain, and other gulf countries, which are also largely dependent on US weapons, there must be new contracts signed out of this conflict.

[Lucius]

Interesting comparison!

So while funding the war comes from different budgets the longer this war goes on the US
will have will have to liquidate their Bitcoin holdings as well as the furniture in the White house!

Let this be a lesson to everyone - dont do stupid senseless things which might threaten your
Bitcoin holdings.

You don't think $11 billion is something the US budget can't handle, do you? The military budget for 2026 is around $900 billion, plus of course those secret projects that get who knows how much more. Besides, the US did not buy a single BTC for its reserves, it was all the result of seizures, so it turns out that perhaps one day in the future they will have more coins than anyone else, without ever having invested anything.

It wouldn't be bad at all if a great peacemaker thought of selling those reserves, because states shouldn't get involved in Bitcoin because it won't bring anything good.

[Mhizlove]

If the government starts selling their bitcoin holdings, it is good for the bitcoin whether it helps the price to rise or it causes a dump because it helps the bitcoin to be scattered among more holders rather than sitting somewhere and possibly will never be touched at all. I don't understand what is the point of saving the people of different countries while they are making the lives of their own citizens a hell while living but letting them to take all those burdens.

I understand your point, if the government handles or holds many bitcoin the only thing the people will do, they will definitely watch their steps well and if the coins spreads to people hands I think this can help the system grow more stronger and faster. But if you reason another way or at the same time the citizens will rather or always want the government to make decisions that won't make life hard for them.

At the end all people just want is the balance that government or leader should always remember the welfare of their own people too because that's all that matters

[Findingnemo]

If the government starts selling their bitcoin holdings, it is good for the bitcoin whether it helps the price to rise or it causes a dump because it helps the bitcoin to be scattered among more holders rather than sitting somewhere and possibly will never be touched at all. I don't understand what is the point of saving the people of different countries while they are making the lives of their own citizens a hell while living but letting them to take all those burdens.

I understand your point, if the government handles or holds many bitcoin the only thing the people will do, they will definitely watch their steps well and if the coins spreads to people hands I think this can help the system grow more stronger and faster. But if you reason another way or at the same time the citizens will rather or always want the government to make decisions that won't make life hard for them.

At the end all people just want is the balance that government or leader should always remember the welfare of their own people too because that's all that matters

It is not the right comparision but if we have to do that then Bitcoin core concept is completely against the one you said, don't trust just verify but with the model of government we just need to trust that person will have the people's best interest, but do they?

Do we have any actual data that can't be faked available for the people to verify or we just rely on their words?

[Akbarkoe]

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

I don't see that it has anything to do with bitcoin, he's just taking data on the amount of money and comparing it to US bitcoin holdings, and saying it's already half the value to finance a war with Iran.
US victory is very difficult, plus US military bases in the middle east have been attacked by Iran, the US is difficult to move unless using air and sea attacks, their aircraft carrier was also hit back last week, and if you want to move it, it costs more money.
Conquering Iran is more difficult than imagined, Trump's victory here is not as easy as taking Maduro in Venezuela.

[Fortify]

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!

This is a drop in the ocean of the waste that Donald Trump has presided over. Remember he plans to spend around $500 million to build himself a ballroom for the White House, which is a completely unnecessary addition for his vanity only. He has been the most corrupt president in the history of the US and regularly accepts all sorts of bribes. He wastes money on things like rebranding the department of defense to the department of war. He launches his own scamcoin and regularly directs contracts to his business, while he is often found golfing at his own resort. He is not interested in crypto unless he decides to pump and dump it for a few days while letting all his insider billionaire friends get richer off of his scams.