lukasz on Nostr: TWO UNPOPULAR OPINIONS on SBR and SAB121* *Related to banking accounting rules, de ...
TWO UNPOPULAR OPINIONS on SBR and SAB121*
*Related to banking accounting rules, de facto allowing commercial banks to custody Bitcoin.
OPINION 1) Trump will repeal SAB121 before creating a Strategic Bitcoin Reserve (SBR). Neither will happen this week, although he might hint at or set in motion the former.
1. Creating an SBR would use up his political capital, while repealing SAB121 would generate political capital.
From a shallow, but most common perspective:
SBR: CLEAR what it is; benefits are VAGUE.
SAB121: VAGUE what it is; benefits are CLEAR (for interested parties).
Announcing the SBR could double the Bitcoin price in the short term, making SBR execution less viable. Announcing it prematurely would be a bad business decision. Instead, they should buy BTC and announce once they believe they've acquired enough.
OPINION 2) Repealing SAB121 is far more important than the creation of an SBR.
SBR would strengthen the government, while repealing SAB121 would empower the individual. A strong, happy society is built on strong individuals.
*Related to banking accounting rules, de facto allowing commercial banks to custody Bitcoin.
OPINION 1) Trump will repeal SAB121 before creating a Strategic Bitcoin Reserve (SBR). Neither will happen this week, although he might hint at or set in motion the former.
1. Creating an SBR would use up his political capital, while repealing SAB121 would generate political capital.
From a shallow, but most common perspective:
SBR: CLEAR what it is; benefits are VAGUE.
SAB121: VAGUE what it is; benefits are CLEAR (for interested parties).
Announcing the SBR could double the Bitcoin price in the short term, making SBR execution less viable. Announcing it prematurely would be a bad business decision. Instead, they should buy BTC and announce once they believe they've acquired enough.
OPINION 2) Repealing SAB121 is far more important than the creation of an SBR.
SBR would strengthen the government, while repealing SAB121 would empower the individual. A strong, happy society is built on strong individuals.