Topic: Everything you wanted to know about Bitcoin Strategic Reserve. (Read 5874 times)

🇺🇸 North Carolina House Speaker Destin Hall introduces legislation to create a Strategic Bitcoin Reserve.

https://x.com/BitcoinMagazine/status/1889026662114685410?t=3ekXKG2ZoxP7WDBT5894GA&s=19

There is no reason to think positive.

Bitcoin prices are going to do what they are going to do, so yeah, if you believe that your thinking positive is going to help you feel better, then that is your choice.

Anyone investing into bitcoin, or anything else, need to attempt to prepare himself for a variety of scenarios, and if you believe that your thinking positive or not has anything to do with outcomes, then you can live in your own little fantasy.

There are things that each of us can do that are within our control, such as various ways that we manage our cashflows and how we choose to invest into bitcoin (presumptively accumulating bitcoin until we have enough or more than enough).  Many guys on the forum are still in their early BTC accumulation phases, so they have to keep on accumulating bitcoin, which accumulating bitcoin and managing their cashflow and figuring out how much to bitcoin to accumulate (and how to do it) is likely their focus... perhaps for 4-6 years or more (unless they are able to front load their bitcoin investment)

Since you have been registered on the forum about as long as me @avp2306, then perhaps you have reached a status where you are no longer in your bitcoin accumulation stage because perhaps you have accumulated enough BTC or more than enough BTC, so surely it could be the case that you are in a different position from many of the forum members who are still considering themselves to be fairly early in their BTC accumulation journey.

Any of us who have been in bitcoin for a while and maybe we have mostly accumulated enough or more than enough bitcoin, then it may well be the case that we have already frontrun the governments, institutions and status quo rich folks who are ONLY recently coming to bitcoin and likely those governments, institutions and status quo rich folks are going to make similar kinds of mistakes that a lot of us might have already made, and so the mere fact that they are fucking around with bitcoin and perhaps trying to play bitcoin or to manipulate bitcoin does not mean that they will be successful and it does not mean that what they are doing is any more unique or interesting as compared to past manipulation attempts, even though they are BIGGER players.  

Hopefully none of us are overly lulled into some kind of belief that our bags are going to be pumped without ongoing battles of misinformation and manipulation and various creative attempts to shake coin holders out of their coins.  In other words, you can think as positively as you like, and hopefully you do not end up getting fucked because you failed/refused to prepare yourself financially and/or psychologically for actual things going on in the world rather than just hoping for good outcomes.


I am not sure what point you are making @Taskford.  There are already a variety of BSR proposals and some of them seem to be more open like CSRs and variations, but many of them seem to have bitcoin components, so that would continue to put upward pressures on BTC prices, but even if there is ongoing upward pressures on BTC supply, that still would not mean that BTC volatility is going to go away, and that there won't be continued an ongoing battles in regards to on and off ramps for normies (retail).


Still to be seen how various kinds of reserves are established, whether federal and/or the various other states and other countries, and so sometimes the ways that other governing entities are treating their BSRs can motivate competitive kinds of improvements so that many may likely realize if they fuck up, then they cannot print more coins, even though they can enact various kinds of draconian ways to try to steal bitcoins from others, whether relating to laws around confiscation or other ways.  Governments have become quite problematic in their various levels of conniving even though they are supposed to be acting in the interests of the people they frequently abuse  their own practices, and don't even accept their  supposed role to be empowering the public rather than leeching off of the public in various convoluted and concealed ways.


Take these representations from politicians (including that dweeb Trump) with a decently sized grain of salt.

Also, you have had a bad habit @Soft Crem of fucking up your images and presenting distorted images.. especially you see that your image has html tags with "height=520 width=2048"  which largely your width is causing distortions in your image.



You see my image as compared to yours?  Which one looks better?

In the hmtl tags, all you have to do is remove one of the measurement variables, and then resize the remaining measurement variable to a reasonable size for whatever image you are presenting.. so that your image does not come out as distorted.  

In my resizing of your image, I completely took out your "width=2048," so then once one of the measurement variables is removed, then the forum software will automatically size the image to its original size based on the remaining measurement variable.  

I chose to also change the height from  "height=520" and reduce it by a bit more than half down to "height=220" to make the image smaller and more friendly to computers (and/or mobile)..

You can choose whatever size seems somewhat reasonable to you depending on whether there might be something that you believe needs to be read within the image or if the image is just a picture of a person (as in this situation) you can choose size to be smaller or larger depending on how details you might believe makes a difference in regards to what you might be trying to show, but as a general rule, smaller tends to be better, unless there is some readability question in the image or something that you might be wanting to emphasize in your presentation of the image.

🇺🇸 PRESIDENT TRUMP: "#Bitcoin stands for freedom."

NEXT 4 YEARS ARE GOING TO BE WILD 🚀
https://x.com/TheBitcoinConf/status/1888564366892490843?t=zu6X7bN4_v1d0t_X0ljHMg&s=19

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🇺🇸 BULLISH: US states are advancing Bitcoin reserve bills, fueling speculation about a global accumulation race. Kentucky becomes the 16th state to introduce legislation, with Bitcoin positioning as a mainstream reserve asset.

https://x.com/Cointelegraph/status/1888628468977746371?t=7OASAYkct5spJdAWxqsi4w&s=19

It's more the other way around but you yourself say it later on.



Well but that risk is there even if states do not implement strategic bitcoin reserves. When there are big players accumulating, like MSTR or Blackrock (albeit in a different way) that risk exists.


It does not appear that this will be the case in the short term at least. In the medium and long term I doubt it more.

And this concern of Arthur Hayes had a valid point.


Source where to read that https://news.bitcoin.com/arthur-hayes-warns-of-bitcoin-crash-if-us-creates-strategic-btc-reserve/

So better pay attention with their plans and try to see some effects since if they are just there for manipulating the market then provably that we cannot really experience any good growth with that possible actions they made.

Summary for this week Bitcoin reserve update!

1. Kentucky proposes Bitcoin reserve legislation amid growing US state interest in cryptocurrency investments.
  bitcoinist.com/kentucky-become...


2. Institutional investments in Bitcoin ETFs surge as significant financial players like PNC Bank and BlackRock increase their holdings.
  cryptonewsland.com/pnc-bank-de...


3. Bitcoin's hash rate hits a record of 805 quintillion per second, enhancing network security and mining efficiency.
  coinmarketcap.com/community/po...


4. Florida contemplates using state reserves to invest in Bitcoin to hedge against inflation, limiting such investments to 10% to manage risk.
coinmarketcap.com/community/ar...


5. On February 7th, a Bitcoin spot ETF experienced an inflow of $171.3 million, signifying strong investor interest and demand.
  coinmarketcap.com/community/po...


📈 In the last 24 hours, Bitcoin's price moved +1.12% to $97.19k and trading volume moved -58.06% to $22.21b.[/b

Source: https://coinmarketcap.com/community/post/354701816/

This provably one of the concerns for having SBR since those who hold more volume could be dominant in the game. But hopefully those manipulation will not gonna happen and no one would sabotage each reserve to create a downfall for other country and other people who hold Bitcoin.

But we don't know yet the actual effect so let see what's going to happen if those SBR plans would came true since the next thing gonna happen with this is provably lots of people are speculating for great price changes due to those rising demands will happen.

So lets think positive on this and hopefully Bitcoin Reserve plans would bring positive result and not bring any disaster on Bitcoin.

Perhaps the SBR might be coming soon yeah but I wouldn't think that you would be hoping on it for bitcoin to reclaim six digits because first I expect you to know that bitcoin has it's on protocol even though they are trying to manipulate it making it seem like the politicians statements are the core reasons for the pump if bitcoin which is totally not true.

With or without SBR with will still make it's ATHs which we are already half way up the bull market whatever happens within this period it's just might seem like a rug pull to me and yet of course I don't trust any politician because their so called reasons to be involved in bitcoin related stuffs is just to milk the industry for their own benefits.

what if i told you you're running on emotion/impatience and not understanding bitcoin has its own economic, it doesnt need politicians to move the price
what if i told you the banks are going to OTC trade and ETF trade thus not affect the public exchange price discovery
what if i told you the 2025 ATH is not due until atleast summer 2025 (think more of thanksgiving not easter)
what if i told you that bitcoin is not suppose to be stable, it always has ups and downs
what if i told you dips are discount before the ATH, not disaster

dont be afraid. just chill out and be patient if your hoarding and waiting for ATH to sell. it will happen, just not yet(not this month/calendar season)

Bitcoin does not need any SBR, and so it seems problematic to be thinking that bitcoin needs SBR.  There can be various kinds of rug pulls and/or even attempts to manipulate the bitcoin market, and longer term bitcoiners should already be used to this and even expecting manipulation on a greater level than previously.  They are likely not going to be successful in their various manipulations, but that won't stop various manipulation attempts from happening from time to time.


SBR and various SCRs are becoming quite common, and so it is not like the momentum is not coming from a variety of sources, and some of the legislative efforts are not really that easy to reverse once they seem to be getting momentum.  Yep.. all of the various SBRs and SCRs are not necessarily going to look the same and some will be smarter (more weighted in bitcoin) and others are going to have dumb shit in them. Remember comparing the difference between what El Salvador did and then when the Central African Republic claimed to be doing the same thing.. The CAR was greatly distracted and not really ready, willing and able to have similar focuses as El Salvador which also needs a bit of persistence and a long time horizon, which also can be problematic for many governments (whether national or local) to both talk the talk and walk the walk and also to have policies that are building in nature rather than just continuing with the same overspending, so for example if the USA puts a SBR in place but they keep spending like drunken sailors, then it is difficult to see how any SBR would bring any benefits if it is indebted way greater than it's quantity (aka fractionally reserved or rehypothicated)..  Sometimes when governments have resources they exploit and encumber them and even over encumber them.. that is what they do...and difficult to get out of such bad habits that fiat/debt systems have been rewarding for so many decades.

Edited:  By the way, think about some of the game theory, and if the USA is fucking around trying to figure out whether they have a SBR or a SCR or whatever other dumbass games that they might be attempting to play, and in the meantime other countries, companies, rich individuals and even some retail are not going to be fucking around waiting to see what the USA might do or might not do and if the USA might either be as dumb as Germany or as dumb as CAR - and fuck around with shitcoins are being unable to focus and/or follow through with either a bitcoin-focused direction or at least a bitcoin dominated direction.  Sure, yeah have fun playing with some cryptos and some other inferior assets, nothing wrong with that as long as the main focus is on bitcoin, so in that regard, who is going to lose if the USA is not able to figure out the correct focus?  I would think the USA is going to come out as the losers in any way that they are not able to focus on or prioritize bitcoin.  

TLDR: The USA needs bitcoin, bitcoin does not need the USA.. USA can jump on board or they can get left behind.  We have already seen such dynamics in bitcoin's history, including folks thinking that they are smarter than everyone else and then getting left behind as either no coiners or low coiners.

Actually, I'm now more confident that they will create such a reserve, than ever. The justification for my confidence is that they're clearly trying to push other crypto along with bitcoin, which is kinda insipid, but I wouldn't expect politicians to create a strategic reserve with only bitcoin, and governments across the world had a shitcoin reserve already (USD reserves), so it won't be that different.

I really wish they’d announce it, I am a little nervous they’re not going to do it. Feels like some people were really banking on US Gov announcing this & maybe that’s why price is down a bit & struggling to reclaim $100,000. Trump needs to stop talking about tariffs & tanking stocks & Bitcoin too. Hopeful but not confident they will announce an SBR. Feels like we’ve been conned a little bit.

Kentucky becomes the 16th US state to introduce a Bitcoin reserve bill, allowing up to 10% of state reserves to be allocated into digital assets like Bitcoin.



https://x.com/Cointelegraph/status/1888203851439727055?t=po8Cv-WTBPE0v4sLikvZlQ&s=19

America is embracing #Bitcoin 🇺🇸



https://x.com/BitcoinMagazine/status/1888195346074898880?t=IWfqxtvQa4pcYzwzyUFq6w&s=19

BREAKING: FLORIDA IS LATEST STATE TO FILE FOR #BITCOIN RESERVE

THE RACE IS ACCELERATING 🚀

https://x.com/pete_rizzo_/status/1888025450183622791?t=c-q40oUTpd2JpUbk3ugFQw&s=19

🇦🇪 Binance Founder CZ says the UAE already has #Bitcoin in reserves, and its inevitable for Hong Kong to buy BTC 🤯

THE GAME THEORY IS PLAYING OUT!



https://x.com/Vivek4real_/status/1887919984401158314?s=19


🇷🇸 PRINCE FILIP OF SERBIA: "#Bitcoin strategic reserves are already happening behind closed doors."

GAME THEORY IS PLAYING OUT



https://x.com/TheBitcoinConf/status/1887891519362761097?t=RrO0OWIwwyom3jmIgQBYmg&s=19

the Utah House of Representatives recently passed House Bill 230, known as the "Blockchain and Digital Innovation Amendments." This legislation permits the state treasurer to invest up to 5% of certain public funds in digital assets, including Bitcoin. The bill now moves to the Senate for consideration.

Maryland State Delegate Caylin Young introduces "Strategic Bitcoin Reserve Act of Maryland" 🇺🇸



https://x.com/BitcoinMagazine/status/1887919773981524403?t=Xq-pBwCKn0e9gfgrdQhPWQ&s=19

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Missouri bill proposes a #Bitcoin reserve fund for state investments and mandates crypto acceptance for government payments.
From here

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🇺🇸 STATE OF KENTUCKY JUST INTRODUCED A BILL FOR STRATEGIC #BITCOIN RESERVE 🤯

It's Not Stopping until all States in America adopt a strategic Bitcoin reserve 😁



https://x.com/Vivek4real_/status/1887643109502124119?t=VMvMVeF2H76wlolJ_7UMkQ&s=19

No reason a currency should have capital gains tax on it so glad to hear Czech Republic is to be a sensible place to be.  Beautiful coast line and country from what Ive seen, nice to hear.   I hope it helps their tech sector and development prospects etc.   Far better for countries to encourage growth then cut it to the ground.

I like the talk of wealth funds but we are missing just how much debt many countries have and is it possible to be wealthy while in debt.  The only really wealthy country with massive fund is Norway perhaps because they understood their oil happens just once so they saved the revenue to face the future energy and rising ocean levels with etc.   They really do have a massive fund, most of us are in countries with a giant debt fund.