saltoshi on Nostr: The United States, especially our government, has been maneuvering into Bitcoin for ...
The United States, especially our government, has been maneuvering into Bitcoin for many years (FBI seizures, public and private mining companies, spot ETF on the horizon), but we've been relatively quiet about our movements and strategies. Why?
I believe US officials want other nations and big players to believe that bitcoin tokens are reasonably distributed. Meanwhile, the US government has enough tokens to manipulate the market (not saying they are) in either direction, depending on their end-game.
Not saying this is a good or bad thing. After all, the US has already been controlling the global reserve currency for many decades (US Dollar) and although we take advantage of our power, we're not the most corrupt nation on earth, and we're not pure evil.
Bitcoin is a global currency, but assuming the US government ends up with at least 1 million BTC, that's not the end of the world.
I believe US officials want other nations and big players to believe that bitcoin tokens are reasonably distributed. Meanwhile, the US government has enough tokens to manipulate the market (not saying they are) in either direction, depending on their end-game.
Not saying this is a good or bad thing. After all, the US has already been controlling the global reserve currency for many decades (US Dollar) and although we take advantage of our power, we're not the most corrupt nation on earth, and we're not pure evil.
Bitcoin is a global currency, but assuming the US government ends up with at least 1 million BTC, that's not the end of the world.