james22

Let's see what is suggested tomorrow.

Yes. What do you think MSTR does successfully? This is just step one. What do you think tomorrow will be about? It won't be about a SBR or its makeup, that's now been decided. It'll be about acquiring bitcoin. Other than, you know, actually establishing a SBR. Which most here thought an impossibility. (I'm not above calling anyone out, but it's hard to search this board for those posts.)

I think a lot of people can't read. No bitcoin buying announcement ≠ announcing there will be no bitcoin buys.

Exactly.

Selling gold for bitcoin would be budget-neutral.

The market seems to believe: The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings. refers to the Reserve as well. When they make it clear tomorrow they mean only the Stockpile, BTC should do well.

Evidence to the contrary?

Europeans won't fight to defend their own country. Who believes they'll leave their girls behind with illegal immigrants to go off and fight in Ukraine? Not that they've the financing or arms to do so anyway.

Anyone want to guess what, if anything, will come out of tomorrow? I'm guessing nothing more than the announcement of a bitcoin stockpile (of currently held coins), at most. Which is to say: nothing new.

There's a fantastic advantage to being the first mover (of size). The US can expect a great return on any BTC they buy as game theory dictates everyone else need then follow suit. That's why there's no better way to deal with the debt than a SBR.

Lummis' bill: All Bitcoins acquired under this bill must be held for at least 20 years unless used to retire outstanding federal debt.

Can Trump Order a Strategic Bitcoin Reserve? What is the Exchange Stabilization Fund? And does it allow the Treasury Department to create a Strategic Bitcoin Reserve? The Exchange Stabilization Fund (ESF) is a powerful, yet often overlooked, financial tool at the disposal of the U.S. Department of the Treasury. Recently, some commentators have suggested that the ESF could be utilized by the Treasury to establish a Strategic Bitcoin Reserve (SBR) through executive action, without the need for congressional approval. By leveraging the ESF's broad authority to purchase assets deemed necessary to bolster the strength of the dollar, the Treasury could potentially acquire bitcoin as a strategic asset. https://www.btcpolicy.org/articles/can-trump-order-a-strategic-bitcoin-reserve

Owner occupied, but I don't know the story. If they need sell this to fund their next place, they won't be interested. If just a pied-à-terre, they might be.

Until morale improves!

I've tried to avoid options, but thanks for the thought. Realized what I really want is the option to buy. Spoke with my realtor about making an offer $100K above ask with a non-refundable $50K deposit if they take it off the market until the end of the year. She thought something like that would be reasonable. Certainly easier and less costly than making some new owner an offer. So might still happen.

Blackrock: Critics’ go-to refrain is bitcoin has no intrinsic value. To the contrary, in our view, the discussed embedded characteristics represent fundamentally real and attractive sources of intrinsic value, which we expect will be recognized by more people in more places over time – particularly in a debt-laden, digital-first, and increasingly AI-entrenched world. https://www.blackrock.com/us/financial-professionals/insights/why-bitcoin

The issue is never the issue. The issue is always the revolution.