News @lemmy.world Mee @reddthat.com 3d ago

President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile.

www.whitehouse.gov Fact Sheet: President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile

CREATING A STRATEGIC BITCOIN RESERVE AND DIGITAL ASSET STOCKPILE: Today, President Donald J. Trump signed an Executive Order to establish a Strategic

United States | News & Politics @midwest.social Mee @reddthat.com 3d ago

www.whitehouse.gov /fact-sheets/2025/03/fact-sheet-president-donald-j-trump-establishes-the-strategic-bitcoin-reserve-and-u-s-digital-asset-stockpile/

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I'm assuming the web site is pumpanddump.gov ?
Strategic for what? When would the government ever say "Damn... we must have Bitcoin now!"?
- Strategic for pump and dumps, of course! That's Musk's area of expertise after all
- Strategic for paying hackers in ransomware attacks, since we seem to have taken all of our defenses down
- So Vlad can offload some of his stockpile.
  
  The ultimate money laundering scam.
And immediately after it took a nose dive, recovered slightly, and then started trending down like it has been for the last two months. Super strategic.
It's a money laundering operation in plain sight.
- Don't forget a side of market manipulation.
  
  Crypto can be manipulated hard with a huge amount of capital, so now he is just using the US tax dollars to manipulate crypto currencies.
  
  Yes this is the world we live in.
- Can someone explain the how to a stupid person like me? I fully believe it but I want to know how it works
  
  Buy coins privately
  
  Force government to buy tons of coins, making prices go up
  
  Sell personal coins, dropping prices and make government spend even more
  
  Repeat as needed
You laugh now, but once war breaks out and all currencies break down, you'll be happy to have a... wait, absolutely worthless nothing on hard disks?

How many of those strategic digital assets will be some sort of Trump coin?
- I hope it gets hacked without a war.
Why not a strategic Beanie Baby reserve?
- Because pet rocks offer much more stable value, duh.
So let me guess. Coming on the heels of, "Elon Musk should check Fort Knox to see if the gold is really there", the next step would be a 1:1 "trade" of bitcoin for actual, tangible gold - which will be hidden away in a certain Mar-a-Lago basement. Remember you read it here first.
- Not quite. The EO says the reserve can only be added to by seizures from crimes and civil forfeiture. They can't buy to add to it. And that it can be sold primarily for finding law enforcement.
  
  Buuuuuuut, you know what that means? The ultra shady civil forfeiture practice that cops love just got a little more spicy! Any wallet a cop can access becomes theirs!
  
  Digitized Civil Asset Forfeiture
- FTFY
  
  which will be hidden away in a certain Mar-a-Lago ~~basement~~ bathroom.
I thought the draw of crypto was that it wasn't backed by a central government? What's the point if the government has price manipulation power anyway?
- Government regulation was always going to be inevitable when crypto is treated as an asset class. The folks who designed it were aware of this and correctly assumed they'd be able to pull the rug out before the regulation came into effect. Now it's nothing more than another tradable commodity.
They should call trump the Supertanker: everything he touches tanks. BTC is gonna be worth as much as trump steaks in a year.
- It will have served its purpose by then. Scumbag & Co. will have already sold off their holdings that they acquired before this scam took affect, literally stealing our tax money.
  
  This is literally just them forcing us to pump the price of BTC so they can sell high and then who fucking cares what happens next, they already got theirs...
Any bets on how long it'll take for that money to get stolen?
- What do you mean? No one stole it. A rogue DEI hire deleted the wallet keys, it happened right in front of me. I can't give out their name, justice will be done though, but I can tell you they we're very woke, definitely DEI, and they just tried to destroy my beautiful economy
  
  -Trump on truth social in a month before he's seen dropping a wallet fob and explaining that this is his wallet, no we can't know the address, but he's a billionaire and why would he steal money? But even if he did, it would've been the least America could do for such a great president. But he didn't steal it, he's a billionaire
- it'll be an inside job.
For the twentieth time this month, siiiiiigh
This is the dumbest timeline
Lol America is so done for if they continue to let all this shit happen.

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