Is It 'Crazy' for the US to Have a Bitcoin Reserve?
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- Опубликовано: 7 фев 2025
- Crypto Council for Innovation CEO Sheila Warren discusses the potential for a US Bitcoin reserve after Lawrence Summers dismissed the idea of a national Bitcoin reserve, calling it "crazy." She speaks with Tim Stenovec and Matt Miller on "Bloomberg Crypto."
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@00:57 "a select group of people". "Bitcoin has always had a fair and open distribution. It has never required more than your own interest and knowledge. As everyone knows, you get Bitcoin at the price you deserve.
Gold will dump 50% as it will get converted into BTC. Get out now before its too late.
Rubbish
Your mind is delusional
@@davidbest8912 Have fun being poor.
😂
You mean get out from Bitcoin?
Qarden Token will go 100x after launch on Binance
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If we are going to do this, then sell the gold to buy the BTC. Let's not spend tax payers money on this. But lets diversify our reserves.
They won't ever sell their gold, they'll simply print the USD and it'll vanish onto the Fed's balance sheet
🎯
You're gonna sell something of true value for nothing? BS
And when the government cuts off the internet? Nevertheless, do you believe bitcoin is non taxable? Do you believe the government can't just freeze your bitcoin wallet?
@@badbad-cat no. no government can freeze your bitcoin wallet
Matt Miller has long been one of the smartest voices in journalism on this issue.
A reserve is designed to stabilize prices of a extensively used commodity, just like the strategic oil reserve is used when gas prices spike. Why does bitcoin need a reserve when it's not being used as a currency? Furthermore, why does BTC enthusiast what the US government to centrally control it? I thought the whole idea of BTC was to decentralize BTC away from government controls?
Trump and Qarden Token partnership confirmed on twitter!! ICO almost sold out at $54m
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Leaks coming out about Trump working together with shareholders involved with Qarden Token
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I stop paying attention when someone starts their response with "look", so I stopped listening at 0:14 seconds.
It's not "a select group" that could get wealthy from Bitcoin's price rising, since it's available for practically anyone worldwide to purchase.
This is true, I give my employees in Kenya some BTC every xmas
The "select group" is anyone smart enough to have been buying Bitcoin while the rest of the world condemned it
@@CaneBTC. Gosh. I do hope it’s not a small amount. On individual UTxO’s.
If each deposit is say, $50 USD or so - it’s very likely these will become unspendable dust.
Would you agree that if BTC is succeeding in a few years - meaning the miners are getting enough revenue - then each Tx Fee will need to be, say between $40 to $60 ?
And if Tx Fees are NOT that high - this means bitcoin chain Security is weakening. Please be careful.
select group means people that are already invested in it i think. The people who will get wealthy off it going way up right now are invested in it heavily.
@@CaneBTC Oh gosh. I hope it’s not small amounts. Like, say $50 USD or less.
If you put a small amount on a single UTxO, it will likely end up as Unspendable Dust. As you know if BTC is succeeding in a few years, Transaction Fees will need to replace Miner Subsidy. If they don’t go high enough, Security will suffer.
If they do go high enough to keep the chain secure, then a single Tx Fee will need to be $40, or $50 or perhaps $60.
So, small amounts will be wasted. Turn to dust.
Bots ! Bitcoin to the moon MF🤘🏻🤘🏻🤘🏻🤘🏻
bitcoin is actually USD 2.0. When the dollar goes to the gutter, they need something they can control to replace it. and the answer is BOTCOIN. luckily, most countries don't recognise it
Musk's Qarden Token announcement is coming soon. Easyest money if you get in on the ICO
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Ok bot
Not buying btc is crazy 😂
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China has Outlawed Bitcoin many other countries will follow suit possibly. So I am selling haft my Bitcoin and playing it safely on the Bankers saying silver will Sore in Value in year 2025 I am buying half in Silver playing Safely and not being greedy. SILVER Is the world Future
With Elon and Trump now working with Qarden Token is going to absolutely blow up
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Not as crazy as having a federal reserve that isn’t federal and has no reserves 😂
This software is a game-changer. Thanks for the detailed explanation!
To create a reserve assest ..First you need Budget surplus..with 35 trillion in debt..Who need to borrow or print more dollors have a reserve
This video is pure gold! I’ve been following you for a while now, and your insights are absolutely top-notch. Seeing Bitcoin skyrocketing like this has me itching to jump in, but I have no clue where to start. Got any solid tips for a newbie like me?
It's best for individuals to have bitcoin in self custody, but most are too dumb.
When other countries are purchasing BITCOIN as a reserve. We are behind
Selling our Gold for Bitcoin is imperative. We need a 2 million btc reserve
@rubenortega6088 That is impossible at this stage. There are only 1,078,631 Bitcoin left to be mined, and to get the last one, it will be mined in 2140. Buying Bitcoin now and holding it gives you the option to see its price rise as supply goes down and demand goes up. If it reaches $1,000,000, a coin even a small amount, could make decent money. This is also about generational wealth. If you have a small amount and keep it for 80 - 100 years, your family could be very wealthy, assuming we don't blow ourselves up be then, of course.
It is the best thing that can happen for USA
What does it produce?
FOMO
Good job Shella 👏
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Buying Alemio during the presale might just be my best move yet! 🔥 I’ve got a feeling this one’s hitting $5 soon after launch.
i found this lady hard to listen to.
They already hold a reserve conjured from thin air (fiat); wouldn’t something real, like Bitcoin, make more sense?
Nothing more crazy than sending money abroad with no expectations - free foreign aid
Have you checked out the Alemio presale? This project has serious potential to go 100x once it launches!
Got a solid bag of BTC, ETH, and SOL, but let’s be real-they’re not giving me 10x, maybe not even 2x at this point. That’s why I’m going heavy on Alemio. It’s in presale, has a strong narrative, and solid tech-exactly the kind of project that can deliver big gains!
Its crazy having a gold reserve. 😂
Also, Larry Summers... he is not an honest person whatsoever.
The US gov should buy all existing bitcoins at any price and raise trillions of dollars for that. That way they will become the emperor state of the world. China or Russia with no bitcoins in their pockets will cry rivers
25k I've just invested in Alemio is going to make me a millionaire. Let's go!!
$80k every 4 weeks! I now have a good house and can now afford anything and also support my family😎
Thanks for sharing! I have a quick question: My okx wallet holds some USDT, and I have the 12 words: small decade soda detect brick outside capital stamp refuse debate frozen letter. How can I send them to Binance?
It's not Crazy to have a Reserve, Great Report as Always - Consider Subscribing!!!!
Alemio is more than a project; it's a financial revolution in the making!
If bitcoin fails who do you complain to ?
not too long ago, it was considered crazy to vote for DJT for POTUS.
Gold is a very difficult asset to deal with. Only the super-rich really can. These people sort of have it backwards.
Bitcoin will be necessary going forward
If the US were really committed to this, why not make Bitcoin the national currency?
because with the dollar they have power, they can enforce sanctions on countries. they can't do that with BTC, but instead use it as an asset to reduce their debt so people are less likely to "drop the dollar"
What percentage of growth are people expecting for Step Finance this year?
Alemio is the one, mark my words. All early investors will earn generational wealth.
What happens to the Bitcoin when the quantum-computer is developed and in use?
If it’s not protected, it would be vulnerable, but that is the same for your bank account or any of your other passwords
Nothing is going to happen the bitcoin protocol is constantly updated and they are racing ahead
@royaldiaz8033 i mention this because the mining of the Bitcoin is done in seconds by the quantum-computer
@@mattko i mention this because the mining of Bitcoin is done in seconds by the quantum-computer
@salonico7492 in theory. It's never actually been done though...
BITCOIN is inevitable!
My top pick for bull run KAS, SOL, Alemio (ALM).
Is it crazy the usa has a strategic cheese reserve?? Oh wait they do!
Didn’t this woman help fund the Kamala campaign ?
Web3 Infinity Token's governance mechanism sets it apart. Decentralization at its finest!
🤔Not the smartest man in the world but won’t the blockchain help the government account for the trillions of dollars💰that disappear every year??? Just asking 🤷🏾♂️
It is crazy for the Philippines NOT to have a BTC reserve 😒🙄
Yes of course it's crazy.
LOL... Jerome Powell just said that Bitcoin is digital gold. The Fed is led by a crazy man. That's a bigger problem than having a Bitcoin reserve, if you are spot on.
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Its time to dump Gold at such high prices 🤔🔥🔥
It's extremely likely that INFTY3 Token will surpass $10. Crossing our fingers for a safe trip!
It is very smart, Swedish gouverment dont like Bitcoin so i really think they are stupit.
If it’s gonna make the wealthy richer, then buy some!!!
Stock sell to accredited investors before we get it …😮
Bitcoin is not gold
No because this was planned. Economist magazine cover 1988 shows it
At least you can make stuff with gold. BTC you can only buy or sell, it doesn’t do anything
If that were true, nobody would buy or sell it...
@@nickslotus9490 Exactly, bitcoin does not produce anything. Thats why I rather hold dollars. My dollars, specifically, produces little rubber wizards every night which I can talk to. My friend who holds euros told me they produce cute green lotuses with nice smell. I need to get some for my gf.
@ there buying it to make money, but when the music stops and no one wants it, don’t be the one holding your life savings in it. Do you recall a game called aeroplane…at the end the last passengers got nothing. The real way to make money is go against the tide (if it makes sense), not swim with it. What can you do with BTC? Apart from buy and sell?
@@nickslotus9490 *They're (shortened form of They are.)
@@nickslotus9490 Thanks for your opinion, and thanks for not being hatefull . And just for info - not all bitcoiners are that dumb as your comment suggest.
crazy NOT to have one!!!
I know it’s a bold call since it’s still in presale, but I truly see Alemio hitting the top 20 within the next 5 years. Mark my words-the tech is just insane!
Why not create your own Bitcoin and build reserves doesn't have to be Bitcoin that what other companies did and are now part of Coin base. Even the federal reserve is looking to do the same and probably started it all ready calling it the digital dollar. Since the digital dollar I don't see cash or change not even checks everything loaded on the card
Being a part of the Web3 Infinity Token revolution inspires me. Let's change the planet!
Dumb rather than crazy
LOL... Jerome Powell just said that Bitcoin is digital gold. The Fed is led by a dumb man. That's a bigger problem than having a Bitcoin reserve, if you are spot on.
With a strong whitepaper, huge hype, and a buzzing community, Alemio’s got all the signs of being the next big player. What do you all think?
It’s stupid someone give me a reason I’ll wait
Keep waiting and keep losing
Sure, I’ve got my BTC, ETH, and SOL stack, but I know they’re not gonna 10x anytime soon. Projects like Alemio, with strong tech and a presale entry, are where the big gains happen. Betting big on it this cycle!
Forget BTC, ETH, and SOL! Those are yesterday's news. If you're looking for the next big thing, Alemio is where you want to be. With its cutting-edge technology, a 100x return is inevitable.
It is not crazy, it is the only way to eventually retire the debt.
As Bitcoin's value increases and the market matures it will be possible to generate yield from Bitcoin holdings.
When the BTC price passes $1 billion somewhere around 2049, not only would the debt be retired, but there may be no need to collect taxes on any layer of government. The yield would replace even property taxes.
Strategic reserve is for an asset that is either usable and useful (oil) or highly desirable by your partner (let's say Putin or Jinping). How is bitcoin desirable to Putin or Jinping?? 🤣🤣🤣🤣🤣
Bitcoin is easily verified, gold and oil reserves are based on "trust me bro". Ask France how reliable usa gold reserve was when they attempted to exchange usa dollars for gold during Nixon administration? Hint= there wasn't enough gold to match the supply of dollars.
Let’s see... Putin already allowed Bitcoin mining after banning the activity. At some point, with the split of the global economy between Western economies and the BRICS, the world will require a means of exchange controlled by no one. You CAN'T move gold all around the world for commerce.
@ question is: does the USD or any fiat currency really need to peg itself to an underlying asset, while it is actually intrinsically valuable by the whole economy the currency is the representation of (i mean all the loans granted to economic agents that actually produce wealth to serve interests and repay debt). To take your example, now partners do not expect to exchange their dollar against gold, they just value dollar for itself, and it is still desirable asset by itself
Well, China & Russia likely have stacks of bitcoin bought over last several years.
Trump has promised to pay Putin back. Along with Musk, Thiel, Zuck & A16Z.
(Let’s note : Vance literally worked for Thiel. And still does.).
So this how he pumps the holdings for Putin, and the Oligarchs who now (5 weeks away) run the US Government.
Buy BTC behind them. Pump up their holdings.
Using taxpayer money.
Since it’s your money they’re using - you might as well buy more. And enjoy the ride yourself.
Don't you understand bitcoin doesn't exist without gold? what are we talking about.
How so? Please explain this wild claim?
@@creativesuit1930 there is no explanation, they have no clue what they are talking about.
@@creativesuit1930 with out gold you dont have computers; with out computers no btc simple
@@Dryde85 with out gold you dont have computers; with out computers no btc simple
THIS WILL MAKE THE WORLD 🌎 TO COLLAPSE
Fiat currencies are behind 2 world wars, great depression, great recession and many other evils. Everything gets cheaper priced in bitcoin, while eveything gets more expensive priced it fiat currencies. Countries can print fiat currencies out of thin air to fund wars. Bitcoin costs energy and compute power to mine thus decentivizing wars. Bitcoin promotes peace and prosperity while fiat currencies promote wars and debt slavery. Choose Bitcoin and make the world a better place.
You tube removed my first reply on how bitcoin promotes peace and prosperity. I guess the central banking elite didn't like it
clueless
@louiedangelo3843 🤣🤣🤣🤣🤣
FOR YOUR WEAK BRAIN 🧠
How? What about all the pollution and deforestation generated by gold mining? Do you know that 95% of the mined gold never leaves the vaults that hold it? It is mined just to store it, without any real use or purpose. They are polluting and destroying nature just to store a piece of "rare" rock. The Bitcoin network can consume residual energy, like using the gases from oil drills instead of burning them, or solar energy generated in excess during the day. A company is even using the heat produced by Bitcoin mining to sell a heater, making money for households while heating homes, etc. Open your mind and learn. Stop repeating the messages from those who missed the train and are trying to bring BTC down to buy it cheap.
The Grifters choice for currency worldwide!
Fiat currencies are the true grift
It's not really currency; it's more a type of hard money. This is what Jerome Powell has said himself. It's best not to try and prove some point about "grifters". Because that's not the point.
Yes. It should be XRP.
Why sell gold for BTC when they can pay with equally trash USD? Soon usd will be on par with turkish lira and BTC with NFT monkeys.
Downfall of financial empire
Dumb
LOL... Jerome Powell just said that Bitcoin is digital gold. The Fed is led by a dumb man. That's a bigger problem than having a Bitcoin reserve, if you are spot on.
Think again. Who’s really benefiting from this? Not ordinary citizens. This move is to embrace and stabilize this asset class, in which someone already owns a ton, like a criminal, tax evader, and early speculator.
Millions of everyday people worldwide own satoshis of bitcoin
LOL... The big institutions just started to acquire BTC recently. Lots of coins are owned by common people. I have been HODLing my BTC for several years. The big institutions want to discredit BTC to lower its price and buy it cheap. Not mine.
@@maaguilar well said. some though will always think that everything "is in the hands of the rich" and so, dislike it, but oddly, think the dollar is totally for the "everyday man". Which it is, as it devalues itself via inflation each year. It's sad really. Have a good day!
You want to trade real life gold for imaginary digital tokens? Sure let me get you my imaginary tokens
What do you think the US dollar is? It's backed by nothing 🤷
Won’t be when they legislate against all other ones
Is this a double act? I'm seeing doubles.
The idea behind INFTY3 Token is novel. It might alter the established financial system.
Yes, we have already missed the deadline for those coins, but luckily, we still have some possibilities, such INFTY3 Token.
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Qarden Token has two of the largest Tesla shareholders already; most likely something is coming
Missed out on other coins? No worries! INFTY3 Token still offers great opportunities!
I know it’s a bold call since it’s still in presale, but I truly see Alemio hitting the top 20 within the next 5 years. Mark my words-the tech is just insane!
With a strong whitepaper, huge hype, and a buzzing community, Alemio’s got all the signs of being the next big player. What do you all think?