Discussion

• @tyleraking.com Tyler King on bluesky

  So basically instead of recouping $7 billion in real money for the federal government, they're going to hold it to prop up the industry.  [images]

• @tyleraking.com Tyler King on bluesky

  Basically they're talking about this and cases where DOJ seized crypto assets.  —  “Sacks said the reserve would be ‘capitalized with Bitcoin owned by the fed gov that was forfeited in criminal/civil asset forfeiture proc.’ He said this would ensure the reserve could not carry a …

• @jeffjarvis@mastodon.social Jeff Jarvis on mastodon

  Maddow got this right last night: It's like spending our money on building a Beanie Baby reserve...if Donald Trump, Elon Musk, et al, owned the Beanie Baby factory.  Pure grift.  —  Trump Signs Order to Create a ‘Crypto Reserve’ https://www.nytimes.com/...

• @davidsacks47 David Sacks on x

  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 w…

• @margomartin47 Margo Martin on x

  JUST NOW! President Trump signs an Executive Order establishing the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile 🇺🇸 [video]

• @matt_hougan Matt Hougan on x

  Impacts of the Strategic Bitcoin Reserve 1) Dramatically reduces the likelihood the US government will some day “ban” bitcoin; 2) Dramatically increases the likelihood that other nations will establish strategic bitcoin reserves; 3) Accelerates the speed at which other nations

• @jconorgrogan Conor on x

  By my estimation, the US Govt owns 198.109k BTC. This executive order removes ~$18B of sell-side pressure [image]

• @kobeissiletter @kobeissiletter on x

  BREAKING: Bitcoin falls sharply after President Trump signs Executive Order establishing a Strategic Bitcoin Reserve. Why? No explanation on how the reserve will be funded aside from Bitcoin already held by the US. It's simply a promise to not sell what they currently hold. [imag…

• @senlummis Senator Cynthia Lummis on x

  Another promise made, another promise kept. We are becoming the bitcoin and digital asset capital of the world. America is so ₿ack. [image]

• @matt_hougan Matt Hougan on x

  I'm not sure how the market will think about this short-term. I am sure that long-term this is extraordinarily bullish for bitcoin.

• @davidmarcus David Marcus on x

  This is a balanced outcome and the right decision for now. Happy reason has prevailed.

• @pkedrosky Paul Kedrosky on x

  Crypto boosters being front-run by the Federal government (the reserve thingie will be capitalized with Bitcoin previously obtained, not new purchases), who they thought they were front-running, is the entertainment I needed today.

• @cryptoub @cryptoub on x

  The United States of America is holding ~200,000 Bitcoin. While the impatient short term traders are quick to make decisions while dumping their leveraged positions, this is a major win for the industry. Get a grip.

• @jenniferjjacobs Jennifer Jacobs on x

  US now has a Strategic Bitcoin Reserve, per Trump's crypto czar, David Sacks. It will contain bitcoin forfeited as part of criminal or civil asset forfeiture proceedings, he says.

• @iamdcinvestor @iamdcinvestor on x

  way too much attention being paid to the strategic reserve and stockpile not enough attention being paid to enforcement easing no attention at all being paid to potential proactive regulation legitimizing crypto interesting

• @kkirkbos Katherine Kirkpatrick Bos on x

  Anyone who is selling BTC rn clearly did not understand that this reserve mechanism was the only way forward. An exec order that involved gov't spend (budget) to buy crypto would have been outside of the President's authority. #strategicbitcoinreserve

• @cburniske Chris Burniske on x

  And so the nation states became $BTC sinks.

• @robertjsalvador Robert J Salvador on x

  2017: The USA might kill Bitcoin. 2021: The USA might kill Bitcoin. 2025: The USA has a strategic stockpile of Bitcoin. What a journey.

• @byzgeneral @byzgeneral on x

  So it's not as bullish as we would have hoped, but this probably is the most responsible and rational approach (keeping what's obtained through criminal forfeiture).

• @rasterlyrock Ryan Rasmussen on x

  President Trump just signed an Executive Order to establish a U.S. Strategic Bitcoin Reserve. — Capitalized with 200,000 BTC the government already owns — The U.S. won't sell any BTC deposited in the reserve — Additional BTC purchases will be budget-neutral (not funded by taxes)

• @mattzeitlin Matthew Zeitlin on x

  Changing the federal government policy from selling crypto seized in criminal proceeding to not selling it and keeping it in a reserve does “cost the taxpayer money” in conventional fiscal math even if you're not going out and explicitly buying it

• @functi0nzer0 Laurence on x

  I think the funniest possible result of the new stockpile would be for the current US admin to spend three years painstakingly consolidating it into known locations And then President AOC just FSHs the whole thing into the void on day one of her presidency in 2029 Cinema

• @cryptoub @cryptoub on x

  One level of uncertainty that we've had for the last few months has been removed. We have an answer on the Strategic Bitcoin Reserve and what it entails. That's a win.

• @0xferg Robbie Ferguson on x

  There will be sell-offs as this does not involve active accumulation of coins with taxpayer funds. That is a good thing. This is still an enormous step forward for crypto and sovereign adoption; the world's leading nation now has a formal strategic reserve of digital currencies.

• @poordart Dart on x

  “The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.” >we have Bitcoin at home

• @runnerxbt @runnerxbt on x

  Since we already got the front-run announcement today I assume the white house summit is mostly nothingburger (will still be at PC ready to trade ofc) but now has a lot better chance to bounce since this is behind us and all the moonboys were washed out gib good NFPs pls

• @cobie @cobie on x

  @dcfgod Step 1 — launch blockchain Step 2 — sell 80% to the most crimey market makers on earth Step 3 — whistleblow on them Step 4 — supply reduced by 80%, US gov top holder, bullish

• @muneeb @muneeb on x

  bitcoin strategic reserve separate from digital assets stockpile. strategies to acquire more bitcoin but not more alts. gov of the united states is officially saying bitcoin is in a different league. time to build on bitcoin 🟧

• @dcfgod @dcfgod on x

  So the only way into the reserve is to have your token involved in / seized as part of crime ?

• @3orovik Borovik on x

  Trump: *signs executive order for bitcoin reserve* Bitcoin: [image]

• @cryptopathic @cryptopathic on x

  budget neutral strategy, you say? i know a certain group with a knack for that

• @cryptocevo @cryptocevo on x

  We went from being bearish because SEC suing crypto companies to being bearish because USA is not going to buy more btc YET. People don't know how such a big deal it actually is. Government adoption provides validation and credibility to crypto. It's finally happening

• @jasonklau Jason Lau on x

  Strategic Bitcoin Reserve and Digital Asset Stockpile. Two separate things. Historic. Expect more countries to follow. I still have some mixed feelings but it's great to see follow through on positive commitments towards our industry. Congrats to those involved!

• @cryptokaleo @cryptokaleo on x

  You'd think Trump just signed a bill banning Bitcoin the way everyone is panic selling. The most powerful government in the world just announced they're establishing Bitcoin as a STRATEGIC RESERVE. The largest holder of Bitcoin in the world just announced THEY AREN'T SELLING.

• @cliffordasness Clifford Asness on x

  That it's funded with confiscated proceeds does not mean it “doesn't cost a dime.”  Money is fungible.  It costs what you could sell it for.  That's not Econ 101 it's like the pamphlet they send you to prepare for Econ 101.  Considering this long tweet starts out economically ill…

• @avifelman Avi on x

  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. ^We have up to 4 more years of headlines to trade. Are you ready anon?

• @altcap Brad Gerstner on x

  Congrats! Great balance. Building a natl strategic reserve of forfeited digital assets and a commitment that the US Gov't will not be in the biz of crypto speculation. 💥🇺🇸

• @eleanorterrett Eleanor Terrett on x

  🚨JUST IN: White House Crypto Czar @davidsacks47 says @realDonaldTrump has just signed an Executive Order to establish a strategic $BTC reserve using assets already owned by the federal government. He says the Secretaries of Treasury and Commerce (@howardlutnick and Scott

• @coldbloodshill @coldbloodshill on x

  I think “not selling” the current BTC stash was always the main thought process of the US pipeline. This was a major discussion point in the past when there was discussion of Democrats nuking holdings before leaving power. Twitter logic twisted it into an event much grander.

• @avifelman Avi on x

  Bitcoin is down 5% today, about 2.25% more than Nasdaq. It's supposed to be a safe haven asset. It's time to admit the experiment has failed.

• @thestalwart Joe Weisenthal on x

  @MattZeitlin Crypto people will be like “yeah but it's going to go up a lot”, which is a non sequiter that happens to be generally true.

• @inversebrah @inversebrah on x

  tiem to raid pipls bits Coin holdings and keeping it safe federally

• @byrnehobart Byrne Hobart on x

  You can now permanently (well, until January 20th, 2029) lock up the supply of the cryptocurrency of your choice. Just use it for crime, and be sure to get caught.

• @cynthiamlummis Cynthia Lummis on x

  President Trump deserves all the credit. Now let's pass the BITCOIN Act and make it law.

• @adamscochran Adam Cochran on x

  So the US government will not buy assets. The EO will keep assets seized (if that is even deemed legal, which debatably might still need an act of Congress due to nuance of who determines what Treasury can legally hold) Sooo hope you guys think this is worth selling out

• @byrnehobart Byrne Hobart on x

  More seriously, this is the best way a crypto reserve could have gone: just take existing crypto on USG's balance sheet and declare it a crypto reserve! Wrote about it a while back: https://www.thediff.co/... ($) [image]

• @deitaone @deitaone on x

  BITCOIN FALLS 5.2% TO $84,838.57

• @lsdinmycoffee @lsdinmycoffee on x

  they thought Trump was gonna use taxpayers money to buy ADA? and that the Congress would approve it? [image]

• @johnedeaton1 John E Deaton on x

  “Sacks says Bessent and Lutnick have also been given authorization to explore means of acquiring more bitcoin through avenues that will not cost the taxpayer.” As I said to @LizClaman and @CGasparino on @FoxBusiness this week, allow U.S. taxpayers to pay their federal taxes in

• @tradermayne Mayne on x

  I find ppl selling off because of this news is silly. Like what were you expecting to happen? Anything meaningful, like net new buying or changing taxes wrt to crypto will take time and need congressional approval. Even though this isn't the news you want it's still good news.

• @ercwl Eric Wall on x

  “The hardest thing about being a Bitcoiner is that you're in the trade with a lot of delusional people” - @nic__carter [image]

• @udiwertheimer Udi on x

  I LIKE THE STRATEGIC RESERVE ANNOUNCEMENT i'm glad that the govt is not buying our bags for 2 reasons: 1. i was short bitcoin (sorry. i no longer am though) 2. more importantly: i don't want the government to buy bitcoin. i want tax cuts so that i can buy more bitcoin myself.

• @iamdcinvestor @iamdcinvestor on x

  POTUS: “we're not going to sell BTC anymore” markets: “quick, sell everything”

• @iamnomad @iamnomad on x

  What is the actual size of the stratetgic reserve @davidsacks47 proposed ? I'm hearing the 200k btc number thrown around again, but the coins recovered from the bitfinex hack still haven't been sent to bitfinex.... The number of actual coins available is probably half that ....

• @cameron Cameron Winklevoss on x

  A Strategic Bitcoin Reserve has been established! Promises made, promises kept

• @krugermacro Alex Krüger on x

  Based on the market reaction to the bitcoin strategic reserve news, the market was assigning a non-zero probability to Trump being actually retarded. Wonder why.

• @cryptopathic @cryptopathic on x

  it's so cool that this industry went from cryptoanarchy to just straight up corruption maximizalization. yes i love it when my government official is lobbying to funnel taxpayer liquidity into his own investments mmm more boot please sir

• @cryptocevo @cryptocevo on x

  This is the most bullish possible outcome given the options they had. The market is over reacting but will realize how big this is for crypto Short term pain, long term gain. The future is bright

• @tradermercury @tradermercury on x

  @cryptocevo it's definitely good that they won't be selling, but the market wanted more; they wanted a promise of adding to the stockpile not just keeping things the same from an adoption standpoint: amazing. from a price standpoint: disappointing. that's how I'm thinking ab it

• @nathanmccauley Nathan McCauley on x

  Establishing a strategic Bitcoin reserve is a HUGE moment for both crypto and American leadership on the global stage. Where the U.S. leads, others follow.

• @cobie @cobie on x

  @davidsacks47 Damn was really hoping for government sponsored Coin of the Day

• @arrington @arrington on x

  Historic.

• @johnedeaton1 John E Deaton on x

  Makes you wonder about the XRP, ADA, SOL post and if anyone made a lot of money off it? 🤔

• @justinsuntron H.E. Justin Sun on x

  Crypto in the U.S. is just getting started, and #TRON is ready to support @POTUS and his administration in advancing the industry. Let's #MakeCryptoGreatAgain🇺🇸

• r/Pennsylvania r on reddit

  We all need to call our representatives now, the government buying crypto currencies is theft from the tax payer to keep a pyramid scheme going

• r/FinanzenAT r on reddit

  US Strategic Bitcoin Reserve

• r/wallstreetbets r on reddit

  Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile

• r/news r on reddit

  Trump Signs Order to Create a ‘Crypto Reserve,’ Adviser Says

• r/DeepFuckingValue r on reddit

  USA Bitcoin strategic reserve, confirmed?  😳

• @kellblog Dave Kellogg on bluesky

  New hyped strategic reserve = stuff we've impounded anyway [embedded post]