Topic: Everything you wanted to know about Bitcoin Strategic Reserve. - page 2. (Read 3516 times)

Now I'm almost convinced there will be a Bitcoin strategic reserve in the US. I still have some questions regarding the implementation of this big continuous purchase, but everything will be answered soon.

Hard to swallow pill: Bitcoin was created so you can do whatever you want with it. Voluntarily handing over custody is one option. I imagine banks selling services in exchange for bitcoin, like loans. Examine how valuable self-custody is for you, and practice accordingly.

So they can compete against Paypal, ETFs and exchanges? Bitcoin wasn't created to hand over custody.

The SAC has officially repealed SAB 121 which had prevented banks from providing Bitcoin custody services. Banks can now offer Bitcoin services to their customers.

Will we see positives in Bitcoin due to such a move by the SAC? I think it will definitely be positive for Bitcoin and Bitcoin’s popularity can increase. If Bitcoin services become easier, its exchange will definitely increase.


Source: https://x.com/BTC_Archive/status/1882565586250871040?t=Z5kdls-VBDTHavmdZN06vg&s=19

He's not a big fan of Bitcoin so better for people not to buy that news since they are just been manipulated so that their post or article will get some views.

Warren Buffet still distancing his self on Bitcoin and he still believe on traditional investment. Better for people to pay more attention on those countries that announcing their plans to create a Bitcoin reserve since this has more chance to happen than Warren Buffet will change his mind and invest on Bitcoin.

Although he put some investment on that bank but provably he would stay on traditional financial system.

Bitcoin as a digital currency has a very important future.
BTCBTCBTC

Nubank new technological developments will bring major changes to the financial sector in Latin America.  Berkshire Hathaway sees an opportunity to profit from Bitcoin in the long term.



source: https://x.com/BTC_Archive/status/1882486399313834411?t=RBXEFEKPgHkCvYTlMTnw0Q&s=19

No. Many countries are destroying their economy on their own. If anything, fiat money is used to control countries. But it's going to be interesting once countries take debt in Bitcoin, and have to pay it back when it's worth 10 times more.

There is a lot of bitcoin reserve information, hype, speculation, throw-ins, and more right now. On the one hand “technological” alternative to gold and fiat currencies is good and useful.
On the other hand - do you not consider the variant of hype around this topic, as for example “alternative to the arms race”, aimed at destroying the economy of some countries ? I remembered a very interesting example, who remembers the times of “cold war”, when the U.S. launched the project SDI - Strategic Defense Initiative. There was a lot of hype, discussions, projects, it was told about the need to invest trillions of dollars in this program. The USSR then “took the bait”, the result is known to all:
- The U.S. created nothing but hype.
- The USSR economy did not survive such a race and collapsed completely burying the USSR.
What do you think ?

Profit to all of you !

Aren't they FAR behind Europe when it comes to digital banking? They still use cheques, right? Here, for years now, most bank transactions are instant. And although I don't like all of it (less and less cash means less privacy, bank tellers are basically non-existent, all your interactions are with machines and in our tiny country alone banks employ 13,000 people to check their customers for complience), it works fast.

I could get behind a "DC" as a means to lower the power of banks, but by the looks of it (at least in Europe), they don't want to cut out the lucrative middle man. And I most definitely don't like the "CB" part, where they can control everything, ranging from negative interest to freezing your money and knowing every transaction you ever made.

Donald Trump promise of cryptocurrency is on its way to being implemented.


🇺🇸 President Trump signs executive order to ban central bank digital currencies.



source: https://x.com/BitcoinMagazine/status/1882532557868466297?t=50EqYGge_YvU0JKsQuK_2A&s=19

I know that Trump will definitely fulfill his promises in the aspect of crypto, because many people voted him based on the crypto he involved in his campaign and he still repeat the same thing in his inauguration day about crypto involvement which is the evidence that U.S will become the capital of crypto in the nearest future. Trump is a man of integrity and he know what crypto can do to a country that will build a good atmosphere for crypto for the youth to take advantage of it to grow wealth faster to contribute to the growth of their economic. I think, this new administration of U.S  will invest huge amount of funds in Bitcoin when the president settle down, because they know that the Bitcoin will accumulate for the long term and it will create more funds in the government account which it will allow the president to establish new projects in the country.

SAB 121 has been rescinded, allowing banks to custody Bitcoin. 🚀

https://www.talkimg.com/images/2025/01/24/Wja4z.jpeg

https://x.com/saylor/status/1882565582870270241?t=8EA2RpArV9M92oiP4bIn5Q&s=19

i see some people are posting tweets that mention the executive order.. seems people only read news according to twitter(X)

so heres the actual executive order
https://www.whitehouse.gov/briefings-statements/2025/01/fact-sheet-executive-order-to-establish-united-states-leadership-in-digital-financial-technology/


related to this
https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/

in short if you think that the US treasury will stockpile bitcoins this month, think again.. more like from 6 months time (C ii 180days (Post ATH))

I cannot tell if we are saying similar things or not.  I am trying to suggest that value is going to continue to flow into bitcoin no matter what, yet there could be various kinds of governmental actions and/or the actions of various market actors that affect the trajectory one way or another and in ways that we cannot really figure out how they are going to play out.

There is gradually and then suddenly, but we don't really know how the gradually is going to play out or when the suddenly may or may not end up happening.  There is no straight-line trajectory, and there are also chances that status quo forces might prevail to either defeat bitcoin or to greatly delay its continued advancement.  I doubt that we can really proclaim to know various outlier scenarios that could end up playing out, even if many of us might share ideas about various base case scenarios that are more likely to play out, while at the same time, if the base case scenarios were the way that the world worked, then we would likely live in a boring and predictable world, since we would be able to figure out everything in advance, and I really doubt that the world works like that even if we might have some decent chances of getting future scenarios directionally correct.


I have trouble with accepting or believing that "the good guy always wins" or whatever it might be that you are trying to say...

Another thing is that the whole world's population are likely going to end up as bitcoiners, yet at this point there are hardly any bitcoiners in terms of the whole population.. so there are some contingencies who seem to have more influence than others whether in traditional systems or in bitcoin systems, and surely there are going to be overlapping of the circles (contingencies), and so it can be difficult to figure out how systems will prevail, even though many of us likely recognize how incentives have been created in bitcoin so that even if some folks are working to get greater influence in the bitcoin system, there are counter reactions that end up causing bitcoin to get stronger rather than weaker, yet there still could end up being imperfections in the incentive systems that end up contributing to unexpected attack vectors and splitting of bitcoins and difficulties in figuring out which is the correct bitcoin, so will we know which side are the "good guys" if all the money seems to be on one side, and so sure, follow the money, right?  Does that end in the right outcome? I am not going to take any of it for granted, even though I also have quite a bit of my own investment of time, energy and value in bitcoin.. yet aren't there still ways that each of us should be trying to hedge?  or not?  And we might not even agree about the extent that we should hedge or how to hedge, and does that end up in the better outcome and knowing what is the right bitcoin to follow?


There are going to be ongoing attacks on self custody, and so there can be communication difficulties to make sure that we are able to transact peer to peer and to have peer to peer circles for transactions, so I am not going to presume peer to peer is going to win the day, and I am also not going to presume that government is dead or that the reasons for government have disappeared, including that people surely have different views about the role of government, so even if battles might not be happening about whether governments should be responsible and to spend within their means, people are not going to necessarily like the disappearance of certain governmental systems or even if some government leaders might be using governmental systems to attack their perceived political enemies, and I am not going to proclaim to know exactly where bitcoin, crypto and/or other financial interactions fit into various transitions that might even incentivize governments to spend within their means, yet governments still might be unable to figure out ways to spend within their means, and even those who are deviating from fiscal responsibility may well end up getting rewarded, which seems to be rewarding bad behaviors contrary to bitcoin ideas, yet it can still be difficult to sort out or even to figure out, including potentially how to preserve our own value if some folks might have direct or inferential information that you have more bitcoin than they believe you deserve... so then you giving up your keys or are you going to die on principles...and just believe that it is all going to work out, when you personally have been the one who ends up getting targeted because it is "known" or inferred that you have more bitcoin than you deserve.

Surely, I am not going to claim to know the answers or even to presume that the good guy always wins or even that many of the matters will be resolved in the coming 5-20 years or even the fact that it could take 50-200 years to resolve some of the matters, there may well be a considerable number of folks who are not able to make sure that they don't get reckt while anticipating that matters are going to resolve themselves in "the correct" ways because bitcoin happens to have all the "good guys" behind it.. and for sure, you can see some problems in presuming bitcoiners are good guys merely because they are bitcoiners or even to give more status to older bitcoiners versus younger bitcoiners since the older ones would have the true cypherpunk vision as compared to the newer ones who just want to create ordinals, inscriptions, NFTs, runes and/or meme coins in order to get themselves rich faster than anyone else based on their cleverness in making the coin/project or their ability to garner up name recognition and momentum.  Those are the good guys, right?  or how do we know who are the good guys?  Have they infiltrated the nodes and the miners, yet? Are they changing the code?  Maybe the ones who are refusing to change the code are the bad guys?  How do we know?


The USA government is already quite widely known to engage in conduct to privatize governmental actions in such a way to take away accountability to the government, so the back door their way into doing things through private channels that they would not be able to do through public channels. think about various 4th amendment and speech matters.

We cannot presume that stable coins are not going to have back doors into them and to operate in several ways like CBDCs even though they aren't called CBDCs and they are not appearing to be governmental in terms of who controls them or the kinds of openness in the software that might exist.. perhaps bitcoin is one of the only open source softwares as compared with various stable coins that are not completely revealing their code.. or even if their are central ways in which they are tracking transactions, monitoring transactions and blocking transactions.

Great to see Trump being the man of his words and he follow everything what he said on his campaign.

And by creating a technical group that will handle this situation for sure that they are one step closer to make that Bitcoin reserve plan to happen. Also its great to see Trump select those pro Bitcoin advocate people especially Sen. Cynthia Lummis since we can see that we are heading in good directions towards their plans to make US a world capital of crypto and implement those things that helpful to the community.



Great to see this developments and excited to see what will happen more with Bitcoin especially that they are starting to create good orders to pay close attention on whatever good implementations they could do for this coin.

Also Bitcoin reserve proposal is gaining traction on world economic forum in Davos https://dig.watch/updates/bitcoin-reserve-proposal-gains-traction-at-davos-forum

🇺🇸 @SenLummis takes the helm as chair of the Senate Banking Subcommittee on Digital Assets—a major leap toward establishing a Strategic Bitcoin Reserve.
Source and Video link: https://x.com/BitcoinNewsCom/status/1882533166898131248?t=Od3CZ4VOIPEpWHmK8Uqm-Q&s=19

SenLummis He has given the greatest importance to Bitcoin reserves, leaving everyone, including the government of each country, the banking sector, and every Bitcoin holder, with the most important role in Bitcoin reserves. Because large institutions and governments know that Bitcoin will be identified as a more valuable asset in the future, it is certain that ordinary holders should also give the greatest importance to Bitcoin investments and long-term reserves.

This looks promising.
Really good to see they scrapping the idea of CBDC, I think the concept was dying its natural death anyway.

No Bitcoin reserve is explicitly mentioned but "exploring the creation of a national cryptocurrency stockpile" sounds good enough to me. To be fair, I thought he'd completely bail on his promises, so I'm positively surprised.

It doesn't seem like there's any notable market reaction to this news, maybe it hasn't spread enough yet, maybe people are waiting for more concrete announcements, or maybe it's all already priced in.

A lot of stuff happened this evening:

• Cyntia Lummis has been elected Chair of the Senate Banking Subcommittee on Digital Assets.
  
• Donald Trump signed an executive order:
  STRENGTHENING AMERICAN LEADERSHIP
  IN DIGITAL FINANCIAL TECHNOLOGY
   

A brief Recap:





Later, the Crypto Ckzar David Sachs clarified a few things on a FOX interview:



My first takeaways:

• The CBDC are dead. The US stopping their project will seriously impact other CBDC projects elsewhere. Namely, in Europe, the Digital Euro is now dead.
• The BSR is a stockpile of shitcoin.
• Job is not done yet: Cynthia Lummis has to deliver a lot on the topic.They have 180 days

The fate of the fiat currency is in the hands of the government while that of Bitcoin is in our hands. Bitcoin won't replace USD but that does not disrupt the fact that it is better than any fiat currency while the USD will still be used as their main currency, with or without the BSR, bitcoin will continue to show the point of being above every fiat but to me I don't see it as replacing them in order to prove it.

There will always be a fight but as long Bitcoiners are together we are still bigger than all of their feature plans since we have been on a fight before now.

Self-custody except they can make the masses lose the reason for it, all their plan against will be vain. To be frank I think the government is already losing this fight since with time many are coming into the realization of self custody, and many here came to this realization through this forum and I'm one.

Donald Trump say, "The United States will be the world capital of Crypto."

https://x.com/saylor/status/1882467218665148481

Yes, these states have shown interest, but many states have already chosen Bitcoin reserves. Here are some of the states that have already accepted Bitcoin reserves. Such as New Hampshire, Ohio, Pennsylvania, North Dakota and some other states. Over time, the popularity of Bitcoin is increasing, and with it the number of Bitcoin investors is also increasing day by day.

A company has accepted bitcoin reserves, this company provides real estate services and yet they have taken significant initiatives in the present. Now Fathom has chosen Bitcoin as its reserve.

Publicly traded Fathom Holdings adopts Bitcoin treasury strategy.