Post by
MaterialsMan on Dec 05, 2024 7:33am
A little more to chew on
I think the new administration may find itself caught between a rock and a hard place.
If it embraces bitcoin, and tries to find a way to incorporate it into the financial system, it first has to figure where to get some bitcoin.
They can't print it. And MSTR has twice as much BTC as the federal government. So much for that idea.
Conversely, the U.S. has much more gold than anyone as far as we know. That would make it a wise choice if a sound digital currency is desired.The U.S. would be at the top of the heap. Of course that would leave Canada in the lurch as it doesn't have any gold.
Next is CBDC. That's probably the most likely outcome other than the status quo.
Some great minds are being appointed to critical positions within the U.S. government hierarchy by Pres. elect Trump. They are sure to come up with the perfect solution and save the world from itself.