chadlupkes on Nostr: And do what with it? My problem with the idea of a Strategic Reserve is that the ...
And do what with it?
My problem with the idea of a Strategic Reserve is that the money doesn't do anything. Sure it helps push the price higher, but that only helps those of us who already own it. It makes it harder for everyone else to get it so they can join the party, and it doesn't help anyone.
What would be much better is if the bill required that all Federal Government agencies spend their excess capital at the end of the fiscal year to buy Bitcoin at market price. Or that Federal Government Employees had the option to be paid in Bitcoin. Or that State Governments are encouraged to also accumulate and use Bitcoin with any and all budget surpluses. Or ...
There is just so much that needs to be done, and spending tax dollars to make "number go up" is sort of a waste.
My problem with the idea of a Strategic Reserve is that the money doesn't do anything. Sure it helps push the price higher, but that only helps those of us who already own it. It makes it harder for everyone else to get it so they can join the party, and it doesn't help anyone.
What would be much better is if the bill required that all Federal Government agencies spend their excess capital at the end of the fiscal year to buy Bitcoin at market price. Or that Federal Government Employees had the option to be paid in Bitcoin. Or that State Governments are encouraged to also accumulate and use Bitcoin with any and all budget surpluses. Or ...
There is just so much that needs to be done, and spending tax dollars to make "number go up" is sort of a waste.