Establishment of the Strategic Bitcoin Reserve and US Digital Asset Stockpile
whitehouse.gov
whitehouse.gov
Related Trump announces strategic crypto reserve including Bitcoin, Solana, XRP and more (51 points, 5 day sago, 14 comments) https://news.ycombinator.com/item?id=43233455
There is nothing strategic for holding digital assets. This is just cryptobro's getting rich.
If you don't understand why holding bitcoin is a crucial strategy for the future of any country, I'd urge to you to learn more about it, and the nature of money in general.
> extremely liquid market.
No it's not. The value collapses every time there is sell side. Jumps every time there is little more than average demand.
Surged since when? 2019?!
> No it's not. The value collapses every time there is sell side. Jumps every time there is little more than average demand.
That's not liquidity. That's volatility - otherwise known as price discovery - completely natural in a young extremely fast-growing asset. It continuously gets over-bought and then over-sold as it continues along it's exponential path of overall growth.
Just looking at Coinbase, its BTCUSD pair alone has a trading volume of ~$1B/day. How much liquidity do you want?
I will gladly educate.