Texas Legislator Introduces Bill to Establish Bitcoin Strategic Reserve

decrypt.co

5 points____H____6 comments

Might as well establish a strategic reserve of tulips while they're at it.

US taxpayer as bagholder-of-last-resort.

Yeah, at best this is a deliberately mis-named proposal to get the state to gamble taxpayer dollars into speculative investments.

How many bubbles crash multiple times and to a significantly higher value each time?

Will you still be comparing bitcoin to tulips when it crashes from $1.2M to $0.8M?

Yes, because it doesn't matter where it ends up, what matters is how many people conned into buying at $1.1M right before it crashes to $0.8M.

So because shops have sales where people buy jeans at one price and a week later the jeans cost 30% less, shops are a scam/useless/a bubble?