BTC strategic reserves of nation states

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void

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Oct 3, 2017
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one month ago I talked to a fried about the possibility of nation states accumulating BTC as strategic reserve asset - I think I'm hyper bullish but I told him we will have to wait 10 years

now I totally changed my mind and believe it can be much much faster - it's not only about Trump's promises (which we should take with caution) but the word is apparently quickly spreading and other politician start to understand what is the winning strategy and first of all that the early adopters will massively benefit while the hesitant ones will suffer in the end

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That's indeed good news for the BTC. I also like the strategy, but I just find it hard to see how a country, in the case of an energy shortage (i.e., power outage), would fall back on crypto.

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void said:
void said:
one month ago I talked to a fried about the possibility of nation states accumulating BTC as strategic reserve asset - I think I'm hyper bullish but I told him we will have to wait 10 years

now I totally changed my mind and believe it can be much much faster - it's not only about Trump's promises (which we should take with caution) but the word is apparently quickly spreading and other politician start to understand what is the winning strategy and first of all that the early adopters will massively benefit while the hesitant ones will suffer in the end

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It is all about Trump now. The fate of btc is in his hands. But you know politicians are known for fake promises to win elections.
However if Trump will keep his world, then once US goes for it. The whole world will follow, it will be like domino effect. Massive race!
 
EliasIT said:
EliasIT said:
That's indeed good news for the BTC. I also like the strategy, but I just find it hard to see how a country, in the case of an energy shortage (i.e., power outage), would fall back on crypto.
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in such a case, the national banking system is toast and cannot even be restored (in case the backup system goes down too). It just needs like one day to get out of sync.

Much easier to do with bitcoin, which goes on and runs smoothly again after power is back up.
 
A transparent, deflationary asset as a strategic reserve in support to what? bor&%#
I understand that the fight against btc is lost, but this seems just a desperate rush to embrace the enemy, without any long term planning. Or is it?
How good can it be for a big country to hedge against its own currency and its debasement?
When politicians say something is good we can bet it's not for us.

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JohnnyDoe said:
JohnnyDoe said:
I understand that the fight against btc is lost, but this seems just a desperate rush to embrace the enemy, without any long term planning. Or is it?
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perhaps the pursuit of power (which is probably the only motivation of most politicians) will work once for people and their freedom
 
Slawek is getting attacked hard by all the Polish statists on X smi(&%

But, to an extent, I believe his goal and belief is legitimate, though this is not really something the president is entitled to or even capable of doing.

Nevertheless, Mentzen is a tax consultant and quite smart (in fact a holder of more than 30 BTC), one of the better candidates (in my personal opinion).

And maybe states will truly decide to embrace BTC; we cannot ignore the potential risks like highlighted by @JohnnyDoe above. MiCA already blasted things to kingdom come.

Last edited: Nov 18, 2024
 
ilke said:
ilke said:
Slawek is getting attacked hard by all the Polish statists on X smi(&%

But, to an extent, I believe his goal and belief is legitimate, though this is not really something the president is entitled to or even capable of doing.

Nevertheless, Mentzen is a tax consultant and quite smart (in fact a holder of more than 30 BTC), one of the better candidates (in my personal opinion).

And maybe states will truly decide to embrace BTC; we cannot ignore the potential risks like highlighted by @JohnnyDoe above. MiCA already blasted things to kingdom come.
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The problem is that he has basically zero chance of winning because it's effectively a two party system just like in the US. It will be the PO or PIS candidate, or maybe some super tiny chance it could be Hołownia - which, while he tends to speak like a reasonable human being at times is quite far left-leaning. This is for the same reason as in the US - people don't vote for who they want but against who they don't want. Most of Kamala's voters were voting "not Trump" and most of Trumps voters were voting "not Kamala".

I do agree, Mentzen would be my choice as well but it's unrealistic so his entire bitcoin strategic reserve is a moot point.
 
one month ago I talked to a fried about the possibility of nation states accumulating BTC as strategic reserve asset - I think I'm hyper bullish but I told him we will have to wait 10 years
void said:
void said:
now I totally changed my mind and believe it can be much much faster - it's not only about Trump's promises (which we should take with caution) but the word is apparently quickly spreading and other politician start to understand what is the winning strategy and first of all that the early adopters will massively benefit while the hesitant ones will suffer in the end

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There was a good example in history when China stayed on silver standard when most of the world was on gold. It set China back for a long time.
I think it will be similar now. Some people and organizations will switch and survive/prosper, others .. time will tell...

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void said:
void said:
one month ago I talked to a fried about the possibility of nation states accumulating BTC as strategic reserve asset - I think I'm hyper bullish but I told him we will have to wait 10 years

now I totally changed my mind and believe it can be much much faster - it's not only about Trump's promises (which we should take with caution) but the word is apparently quickly spreading and other politician start to understand what is the winning strategy and first of all that the early adopters will massively benefit while the hesitant ones will suffer in the end

View attachment 8226
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It will most likely happen under Trump and BTC will reprice massively as many nations will try to catch-up / front-run the narrative.
Corporate treasury reserve strategy will as well go mainstream now that Microstrategy is starting to look as the "the next NVIDIA" and Saylor relentlessly accumulates on par with Blackrock.
El Salvador and Argentina's resurgence horseback riding BTC treasuries will be another catalyst.
it will also be a political campaign horse as it's becoming a popular topic to "rescue" economies but realizing it in other countries is not as easy as deep gov and banks/world bank govern together.
 
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