trey on Nostr: I believe folks pretending the U.S. government holding Bitcoin will be just that, and ...

I believe folks pretending the U.S. government holding Bitcoin will be just that, and similar to the U.S. holding gold, with no other ramifications on greater involvement into the protocol, mining (sanctions) and other unforeseen ramifications, are being disingenuous.

We always should have prioritized tax treatment of Bitcoin first via Congress, which would increase adoption with more people able to spend and use Bitcoin as digital cash. If the U.S. government wants to stack, fine, but some in the bitcoin community tripping over themselves to make this happen as soon as possible, I believe, is purely for a bag pumping stunt.

It’s not smart…there are way too many risks for my comfort here!