Trump Creates Bitcoin Reserve ahead of White House 'crypto summit'

Friday, March 07, 2025

Yahoo Finance senior reporter Jennifer Schonberger outlines the details of the US crypto reserve and what to expect from today's crypto summit and its notable attendees.

Posted by retort at 04:06 PM | 9 COMMENTS | permalink

Crypto prices fall as US strategic reserve plan disappoints traders
https://www.ft.com/content/08a1f7f3-4be2-4f36-959d-4ac57213450b [image or embed]
-- Financial Times (@financialtimes.com) March 7, 2025 at 8:04 AM

Comments

More absolute worthless -------- from an absolutely worthless pile of ----.

#1 | Posted by LegallyYourDead at 2025-03-07 04:08 PM

"What's compelling about it is if the United States takes a position in the emerging crypto economy " if it buys up 10, 20% of the bitcoin network, we're going to pay off the national debt, so why wouldn't that be in the interest of the United States?"

But for every bitcoin evangelist, there is an academic or banker from across the political spectrum who will point out that cryptocurrency investments might just as easily go up in smoke, which would be an unfortunate thing to happen to taxpayer dollars."

www.cnn.com

Ah, taxpayers are the bank for the Billionaire Boys Casino Meme coins.

Why not? Aren't we happy with them raping us on a daily basis? Perhaps we should get a divorce?

#2 | Posted by Corky at 2025-03-07 04:57 PM

www.youtube.com

If you want to know how Trump's bitcoin meme scam werks to let him launder money from China, start about 7 mins in, though the whole thing is pretty interesting.

Also covers Musk's Dogecoin scam.

#3 | Posted by Corky at 2025-03-07 06:05 PM

Another scam from the scam president. Once again at our expense.

#4 | Posted by censored at 2025-03-07 06:10 PM

Trump's bitcoin reserve will be seeded with bitcoin (BTC-USD) already owned by the federal government that was taken as part of criminal or civil asset forfeiture proceedings, Trump's crypto czar David Sacks said in a Thursday post on the social media platform X.

All smoke and mirrors as usual. Just laundering stolen BTC.

#5 | Posted by qcp at 2025-03-07 06:26 PM

Another day, another cascade of idiocy from Leon's deputy and designated the moron-in-chief Old Senescent. (Don't blame me; that's what Melanie and Barroom call him behind his back. So they say.)

#6 | Posted by Doc_Sarvis at 2025-03-08 06:40 AM

This is where all the chumps that used to cry woes over the USD not being backed by gold will suddenly embrace and suck up to the crypto market.

#7 | Posted by Nixon at 2025-03-08 07:12 AM

""What's compelling about it is if the United States takes a position in the emerging crypto economy " if it buys up 10, 20% of the bitcoin network, we're going to pay off the national debt, so why wouldn't that be in the interest of the United States?"

Probably because it is absolute horse S**T!

Fact is Trump and Musk will increase yhe federal debt by 5 trillion dollars.

But you Trumpers and MAGAdiots believe whatever lies they feed your dumb asses! I don't care, but when it collapses just remember I told you so!

BEW

#8 | Posted by danni at 2025-03-08 05:33 PM

Crashing the US Dollar disappoints traders?

What do those idiots know about the economy anyway!

#9 | Posted by snoofy at 2025-03-08 06:09 PM

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