The one thing that doesn't make sense to me, is announcing this.
What is "this"? Their plan to set up a bitcoin strategic reserve? It needs to be made public so that it can build consensus, otherwise the act won't get enough votes. 
Topic: Everything you wanted to know about Bitcoin Strategic Reserve. - page 10. (Read 3516 times)
December 15, 2024, 10:43:56 AM
Trump confirmed that he's still interested in building the bitcoin strategic reserve. However, I'm still skeptical about it, until I see it in action. In general, though, everything looks extremely bullish. Very nice writeup, fillippone.
December 15, 2024, 01:54:29 AM
This is the most bullish statement so far:
Trump Confirms Bitcoin Reserve Plans—$15 Trillion Price Boom Predicted
"We're gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead,"
This is the interview mentioned in the article:
China has been gold. US want to be ahad because they are being beaten in the race at physical gold.
What i love about his speech is where he stated that "others are embracing it, and we want to be ahead" that's a very powerful speech and you'll know that such person has zero tolerance to failure, wants to be second to none and is aiming for greater heights. Individually that's how aggressive everyone needs to be when it comes to being successful financially, Bitcoin is very futuristic therefore everyone who wants to be on the benefit side in future needs to put in their best effort in accumulating more and more of it against the future and it's high time the world in general embrace it for a better future, i see people still criticing Bitcoin at this point in time and it gets me shocked that even with how it's improved and shown great potential they still criticize it, some government are still yet to uplift bans placed on Bitcoin involvement and i feel bad for their citizens cause they're missing out in accumulating this digital gold against the future. However the U.S should proud that they got a president elect with such mindset, someone who's goal is to put them in front as the best among all. Trump Confirms Bitcoin Reserve Plans—$15 Trillion Price Boom Predicted
"We're gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead,"
This is the interview mentioned in the article:
China has been gold. US want to be ahad because they are being beaten in the race at physical gold.
December 14, 2024, 07:55:18 PM
This is the most bullish statement so far:
Trump Confirms Bitcoin Reserve Plans—$15 Trillion Price Boom Predicted
This is the interview mentioned in the article:
China has been gold. US want to be ahad because they are being beaten in the race at physical gold.
Trump Confirms Bitcoin Reserve Plans—$15 Trillion Price Boom Predicted
Quote
"We're gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead,"]"We're gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead,"
This is the interview mentioned in the article:
China has been gold. US want to be ahad because they are being beaten in the race at physical gold.
December 13, 2024, 07:15:21 PM
The numbered 6 Opinion and thoughts is written as Opinions and Though.
Fixed:
Regarding the pool, I guess he hinted at the BSR more than necessary, and in a sense we are here also because he did that.
December 13, 2024, 03:30:55 PM
At this point, the pool on Polymarket seems lagging to me:
This should be higher compared to OP.
Trump has barely mentioned anything about a BSR for quite sometime now.
The poll was in a bigger favour when he was campaigning
Once he mentions anything positive about the BSR even before his inauguration then there would be a sharper increase.
It's mentioned in 100 days, so Trump silence has an impact in it more than if it were based on his tenure.
The numbered 6 Opinion and thoughts is written as Opinions and Though.
A great Compilation, Just realised my knowledge of the BSR was quite shallow.
December 13, 2024, 12:57:33 PM
Everywhere I turn, I see new signs of a BSR:
Bessent meeting Senator Lummis is an extremely bullish signal on the case of a BSR.
At this point, the pool on Polymarket seems lagging to me:
This should be higher compared to OP.
Bessent meeting Senator Lummis is an extremely bullish signal on the case of a BSR.
At this point, the pool on Polymarket seems lagging to me:
This should be higher compared to OP.
December 12, 2024, 04:43:47 PM
Maybe they could push the Miners to pay their State level Taxes in BTC?
Something like that is possible, but if I'm not wrong then they're trying to target the miners to pay their mining operation taxes in Bitcoin initially. They won't be forcing them of course but I believe miners won't hesitate either to pay taxes in Bitcoin.
Some of them who really prefer to hold Bitcoin may pay taxes in US dollars while there's chance that some of the miners would prefer to pay the taxes with Bitcoin.
It would also be quite useful if they miners may pay their State level Taxes in Bitcoin as that would be pretty helpful for that SBR.
December 12, 2024, 01:33:15 PM
Letest proposal by an US nation:
Texas House introduces bill to establish a strategic bitcoin reserve
It looks pretty vague to me, and I can't see how this bill could Help Texas to build a meaningful SBR.
Maybe they could push the Miners to pay their State level Taxes in BTC?
Texas House introduces bill to establish a strategic bitcoin reserve
Quote
The proposed bill would enable the state to start building a strategic bitcoin reserve by accepting taxes, fees and donations in bitcoin that would be held for a minimum of five years, Republican state Rep. Giovanni Capriglione announced on an X Spaces event Thursday.
It looks pretty vague to me, and I can't see how this bill could Help Texas to build a meaningful SBR.
Maybe they could push the Miners to pay their State level Taxes in BTC?
December 11, 2024, 05:49:44 PM
Likely one of the criticisms of recent governing dynamics has been a lot of their inabilities to plan for long-term down the road and/or to follow through with such planning in fiscally disciplined ways.
Surely many folks have come to question the governments ability to employ self-disciplined and financially sound practices (including limiting themselves to spending within their means) - which is ongoingly abused by so many governments, and perhaps the ones that are disciplined and strive to spend within their means are punished for being responsible.
Well, bitcoin can act as a counterweight for that.
For sure, the States might have the incentive to print more money out of thin air, buy Bitcoin, print more, and buy more Bitcoin. The effect would be a dilution of their debt, bitcoin going up, a little bit of wealth effect for the Government, the elites, while the masses are inflated away.
The point is that this trajectory is inevitable. The fact is how much the Nation State want to rig this game.
December 11, 2024, 04:52:54 PM
El Salvador: In September 2021, El Salvador became the first country to adopt Bitcoin as a legal tender. Since then, the Government has accumulated approximately 5,940 bitcoins, valued at around $582 million as of November 2024. They perform both open market purchases (they are buying one bitcoin per day since) and mining operations.
Comparing what El Salvador has managed to accumulate from a period of 3 years till today will turn out to be approximately 3% of what the US government are applicable to gather in a whole year then multiply in four years. This will turn out to be the biggest Bitcoin purchase to be recorded, but i tend to find question concerning how much of an impact it will do on the price of Bitcoin following how and on what process will the relatively 200,000 Bitcoin be bought without altering the four year cycle, for such a big buy to happen in a year period then for another 3 consecutive years, totalled to four years in total? 
December 11, 2024, 04:18:38 PM
The US government HODLing Bitcoin for 20 years? What would the cryptocurrency world look like in 2045?
Honestly speaking, if I had to think about an asset that I would be happy to put in a box for 20 years only to be sold not earlier than that date, I would go for Bitcoin.I have no certainty about the state of crypto in 20 years, but I am sure that Bitcoin will be there at a nominal price above today's (not so sure about every shitcoin).
Likely one of the criticisms of recent governing dynamics has been a lot of their inabilities to plan for long-term down the road and/or to follow through with such planning in fiscally disciplined ways.
Surely many folks have come to question the governments ability to employ self-disciplined and financially sound practices (including limiting themselves to spending within their means) - which is ongoingly abused by so many governments, and perhaps the ones that are disciplined and strive to spend within their means are punished for being responsible.
December 11, 2024, 02:46:54 PM
The US government HODLing Bitcoin for 20 years? What would the cryptocurrency world look like in 2045?
Honestly speaking, if I had to think about an asset that I would be happy to put in a box for 20 years only to be sold not earlier than that date, I would go for Bitcoin.
I have no certainty about the state of crypto in 20 years, but I am sure that Bitcoin will be there at a nominal price above today's (not so sure about every shitcoin).
December 10, 2024, 11:14:07 PM
- Eric Trump about US BSR
If anyone hears Eric Trump speak they will see that he understands bitcoin very well, unlike the father, or at least how little the father showed he knew until recently. It's no longer that the US president is surrounded by bitcoiners in his cabinet, his son has a deep understanding, which is very bullish. At first we could think that Trump approached bitcoiners out of pure electoral interest, and so it appeared when he went to the Bitcoin Conference but today it seems that he is going all in with the subject.
December 10, 2024, 06:16:07 PM
Added in OP a couple of references to the interest in creating Bitcoin Reserves:
I will try to keep the OP updated with the most relevant news.
This is precisely the reason why a BSR makes a lot of sense.
In a sense, they are already doing this, and if you don't realise it, you are being inflated.
- Russian Lawmaker Proposes Creating Strategic Bitcoin Reserve: Report
- Eric Trump about US BSR
- a presentation at the TBAC Primary use case for Bitcoin seems to be a store of
value aka “digital gold” in a decentralized finance
I will try to keep the OP updated with the most relevant news.
Also, what are your thoughts on the fact that, government could print money out of thin air only to use it in the purchase of our precious Bitcoins. It would as well result in inflation as there would be more money in circulation than needed but, at the expense of them Bitcoins. Would it help the course that much?
This is precisely the reason why a BSR makes a lot of sense.
In a sense, they are already doing this, and if you don't realise it, you are being inflated.
December 10, 2024, 05:30:33 PM
This could only be the result of a properly and timely done research into the subject matter which have raised doubt and been the result of lots of contradictory opinions on the subject matter. This compilation however, clears things to a greater extent. It’s sorts to instruct and teach in its patterns to arrangement and I see you to have several threads like this one, great work and well done @Fillippone.
Looking at reserves from the point of being a critical nature resource stand point, do Bitcoin really fits in as such?
Also, what are your thoughts on the fact that, government could print money out of thin air only to use it in the purchase of our precious Bitcoins. It would as well result in inflation as there would be more money in circulation than needed but, at the expense of them Bitcoins. Would it help the course that much?
Just a key I happen to note as I read:
Bitcoin Strategic Reserve (BSR)
Looking at reserves from the point of being a critical nature resource stand point, do Bitcoin really fits in as such?
Also, what are your thoughts on the fact that, government could print money out of thin air only to use it in the purchase of our precious Bitcoins. It would as well result in inflation as there would be more money in circulation than needed but, at the expense of them Bitcoins. Would it help the course that much?
Just a key I happen to note as I read:
Bitcoin Strategic Reserve (BSR)
December 10, 2024, 05:06:38 PM
Fillippone bravo ! Another great, useful and informative article !
Something tells me that in 2025, this topic will be very relevant, and we will watch its development ! I hope for the continuation of the article, with adjustments to real events !
Something tells me that in 2025, this topic will be very relevant, and we will watch its development ! I hope for the continuation of the article, with adjustments to real events !
December 10, 2024, 12:33:31 PM
Congratulations, fillippone, on this well-written thread, which looks more like a PhD section than a forum post. I see you fighting to reach number 1 in merit earned in the near future.
At this time a thread like this comes in handy to remind those of us who have bitcoin to keep holding or even keep buying if you think you have too little. There are people selling, as we can see by the price drop, and today Microsoft shareholders have refused to add bitcoin to their balance sheet.
Some people seem to forget or don't seem to be aware that the recent rise of bitcoin and the state FOMO that has been unleashed, reflected in point 5 of the OP, is in large part due to the upcoming creation of a state reserve in the USA. Even if we are 50% wrong those of us who are more bullish and instead of amassing a million bitcoin, USA ends up amassing half (the 200K it already has and buys another 300K), the $100K per bitcoin is going to look like a bargain, and all those who are selling now and those who are refusing to buy, like the MSFT shareholders, are going to regret it.
At this time a thread like this comes in handy to remind those of us who have bitcoin to keep holding or even keep buying if you think you have too little. There are people selling, as we can see by the price drop, and today Microsoft shareholders have refused to add bitcoin to their balance sheet.
Some people seem to forget or don't seem to be aware that the recent rise of bitcoin and the state FOMO that has been unleashed, reflected in point 5 of the OP, is in large part due to the upcoming creation of a state reserve in the USA. Even if we are 50% wrong those of us who are more bullish and instead of amassing a million bitcoin, USA ends up amassing half (the 200K it already has and buys another 300K), the $100K per bitcoin is going to look like a bargain, and all those who are selling now and those who are refusing to buy, like the MSFT shareholders, are going to regret it.
December 10, 2024, 10:38:31 AM
I am not waiting for his first hundred days to know his stance, the content of his inaugural speech might give some clue.
The inauguration date is for sure something to look out. In case he is mentioning bitcoin for sure this would be extremely bullish, let alone him mentioning a BSR. For sure, the inauguration speech is like a program for the first 100 days, so I would be surprised in case of him not mentioning BSR.
Conclusion: Polymarket is underrepresenting the true probability of the event.
December 10, 2024, 10:17:42 AM
How probable is the creation of an SBR?
There is a pool on Polymarket that places the probability of Trump going on with the Proposal in the first 100 days at 29%:
The probability of this measure lies in the first 100 days, and the President can leverage this as a National Security Matter. This could mean he could issue an Executive Order to immediately instate the SBR as an alternative to the standard approval path through Congress.
There is a pool on Polymarket that places the probability of Trump going on with the Proposal in the first 100 days at 29%:
The probability of this measure lies in the first 100 days, and the President can leverage this as a National Security Matter. This could mean he could issue an Executive Order to immediately instate the SBR as an alternative to the standard approval path through Congress.
Polymaket is now one of the reliable prediction platform because of its near accurate predictions of the IS elections. Actors in the crypto industry see Donald Trump as a president with an unpredictable personality. There are some level of doubt if he would implement the policy of adopting Bitcoin as a strategic reserve currency. Joseph Chan the Chairman of Chinese based Silk Road Economic Development Research Centre said: "Trump is unpredictable. He may change his mind tomorrow; you never know". I am not waiting for his first hundred days to know his stance, the content of his inaugural speech might give some clue.
December 10, 2024, 09:03:18 AM
Strategic Partnership with US Miners: this would be an ingenuous way of doing so. The government could buy the Bitcoins mined in the US at an average price. This would benefit the miners with a stable price and the government limiting the market impact.
I can think of a few problems with this plan already:- If market prices go up and miners have to sell at a fixed price (under market price), other miners will get more money, buy more hardware, and increase the difficulty. That means the fixed-price miners will mine less.
- If market prices drop and miners get a fixed price (above market price), other miners will drop out, after which the difficulty drops. So the fixed-price miners will mine more.
I do agree with your considerations.
I was actually thinking about some shorter agreement, something like a rolling 30 days average or so. Market impact wouldn't be huge, and probably would benefit the miner the most with some opportunistic behaviour, without impacting the US government buying in the grand scheme of think.
Buy fillippone just pawn in the game of life.
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