Replies (4)
Compete with whom? Bhutan? El Salvador?
The news is disappointing, but to think that the only way they can acquire a significant percentage of Bitcoin is by nationalizing MSTR is premature at this juncture. If in 5-10 years from now the US has not acquired any BTC, then that could be a realistic risk if we get an administration with communist tendencies.
According to Bitcoin Treasuries, admittedtly still over-reporting the US stack, China 190k btc, UK 61k, Ukraine 46k, North Korea 13k. After that it’s Bhutan and El Salvador. US being in 3rd place would need to 7x their stack to overtake China. The easy button is 6102 MSTR for “National Security”.
If Bitcoin as $10M perhaps. They are not gonna self emulate over $70B, they spend that much on a Tuesday
Who knows. No idea what real demand for keeping bearer coins in cold storage vs appetite to settle trade in btc. America is behind in stacking, no idea if there are real politicians moving toward separating money from state or if its virtue signalling. What is the appetite to debase the dollar to stave off it’s global replacement? I’ve got the popcorn ready though.
