DefaultPunks

The U.S. now has the world’s largest Strategic Bitcoin Reserve.

Where did Senator Karen get $67 million?

Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve. The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime. It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings. The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.” Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings. The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers. IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings. The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings. The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department. PROMISES MADE, PROMISES KEPT President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept. This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.” I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at “tech speed.” I also want to thank the President’s Working Group on Digital Asset Markets — especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick — for their help and support in getting this done. Finally Bo Hines played a critical role as Executive Director of our Working Group.

@BitcoinMagazine given the price action, it seems many are underestimating the blue checkmark effect on btc by the US government

I sold all my Bitcoin for gold Peter Schiff was right all along We're going to zero

crypto is good for bitcoin because without it many wouldn't understand why bitcoin is needed in the first place

They print the money we work for We give away our time, effort, and energy in exchange for something that can be created at will We give up time with family and friends, and we don't pursue hobbies because we have to work more to make ends meet To earn more of these things that can be printed When I understood this I got angry Once I saw it, I couldn't unsee it

Stop donating to Wokepedia until they restore balance to their editing authority

OVERTHINKING

Birth rates continue to plummet. Population collapse is coming.

It's great to see the odds in polymarket however we need to ba cautions on their 'predictive' power imo and consider what pools of capital are taking either side of this bet. Not a random sample and a relatively small and new market.

@NateGeraci BTC is the money of the people, gold is the money of central banks

ETH to $10k The market is massively undervaluing Ethereum rn

Looking at the world through a microscope 🧵 1. Terrifying photo of an ant's face

Younger generations make more money than their parents at the same age But they can't even afford rent while their parents BOUGHT whole houses and supported a family of four Why?

Possible futures for the Ethereum protocol, part 2: The Surge vitalik.eth.limo/general/2024/1…

Thousands swear by the tips to unf*ck themselves in the 30 books. I gave it a go to see what all the fuss was about.

If you don't own #Bitcoin, you're going to get rekt over the coming years I'm not saying this to make you feel bad I'm not trying to rub it in that you missed a run-up from 16k to 62k because you couldn't let go of your ego I'm saying stocks and real estate will be dumped by institutional investors over the next 20 years in favor of Bitcoin Retail investors will be left as bagholders with millions of dollars of debt I don't want you to feel stupid for not spending a few hours learning how this works You don't need to put 100% of your portfolio into Bitcoin 1% will protect you in case the legacy financial system collapses If that 1% goes to 0, you get to tell me I was wrong for the rest of my life But if I'm not? And Bitcoin goes where I think it will? You might be making the best decision of your life by purchasing insurance on a Ponzi scheme that's designed to collapse