Posted on 03/03/2025 7:45:47 PM PST by SeekAndFind
President Donald Trump announced on Truth Social on Sunday that he had directed his crypto working group to “move forward” with establishing a Crypto Strategic Reserve, which would include Bitcoin, Ethereum, XRP, Solana, and Cardano.
The announcement triggered a major rally in the cryptocurrency market.
Bitcoin initially surged from around $85,000 to nearly $95,000 before stabilizing at approximately $93,000.
Cardano and XRP also saw substantial gains, rising about 40% and 16%, respectively.
He maintained his $500,000 Bitcoin price target, outlining a timeline where BTC could reach $200,000 by the end of 2025, $300,000 in 2026, $400,000 in 2027, and $500,000 by 2028.
Kendrick attributed this forecast to Bitcoin’s increasing role as a global investment asset and a hedge against traditional financial risks.
Kendrick also suggested that Trump’s proposal could lead US states to establish their own Bitcoin reserves, potentially matching the federal government’s estimated 200,000 BTC holdings.
Lawmakers in Montana, North Dakota, South Dakota, and Wyoming have rejected proposals to establish state-level crypto reserves in recent weeks, pointing to concerns over volatility and risk. According to Bitcoin Laws, 24 states have introduced similar bills.
The bank’s Washington Research Group, led by Jaret Seiberg, noted that Trump’s original post did not include Bitcoin or Ethereum, raising concerns about its coherence.
Additionally, there was no indication of how the government would finance the acquisition of tokens.
TD Cowen also questioned the significance of calling it a “reserve” rather than a “stockpile,” suggesting it remains unclear whether the government intends to buy crypto assets
(Excerpt) Read more at msn.com ...
That name—ouch!
Because they are globalists and have TDS, there answered.
Divided (confused) is good:-)
What name?
When there are things like this that are over my head I always apply a simple rule. I look at those people who I respect and trust and see what their position is.
I look at liberals and Democrats and if they are against any particular issue then I’m all for it
Why does the US need a Bitcoin reserve? If we take dollars out of the productive economy and park them in Bitcoin, what’s the point? We could give the dollars to banks, who loan money to businesses to create jobs. That’s how the Fed works.
The fact that BTC goes up because greater fools have FOMO just makes the lesser fools richer. I don’t get it.
Its only the Bitcoin maxis, who only want the stockpile to benefit themselves that have a problem. And that type of thinking would put the US in jeopardy for not diversifying. The US petroleum reserve not the “Exxon” reserve, there are at least 9 primary companies with subs providing it. It irritates me seeing some of the media coverage of this; reminds me of when Katie Couric said no one would used email decades ago.
Can you explain in at least a bit of detail the ollowing
..blockchain
...how BTC works at even the most remedial level
..why Fink at Blackrock and Musk and BOA and TD Bank..their heads, are wrong..and most of free Asia...
For that you must look up their reasons for supporting it and refute the reasons.
...so at least we KNOW that you UNDERSTAND what you are calling the product of FOOLS.
Dont be lazy bro.
Your answer was so lazy.
It’s beneath you.
You may convince some or even many.
But not with laziness.
The announcements seemed like a giant pump and dump. Everything is lower than before the announcement, even though some things were up 60% on Sunday. Lots of people on Twitter are pissed off because some large, leveraged bets were made the day before the announcement. Clearly some insiders knew.
I fear this is a big step towards a cashless society.
a so-called bitcoin reserve is a fool’s errand .. bitcoin is an idea about nothing, doesn’t even actually exist, has no ability to generate a dividend or interest, and is worth no more than what a greater fool is willing to pay for it ... it’s mere pseudo-existence is dependent upon massive and constantly growing consumption of energy, the great majority of which is obtained by burning limited fossil fuel reserves ...
it’s also impossible to scale transaction capacity of the bitcoin blockchain, so bitcoin can never be used as a currency and will never be used as economic pricing metric ...
at least gold COULD be used as a currency and does in fact have industrial and aesthetic value ...
“I fear this is a big step towards a cashless society.”
not really: bitcoin is useless as a currency, and besides we already have a digital dollar: it’s called the dollar, and all but a minuscule quantity of financial transactions conducted in dollars are digital ...
” Clearly some insiders knew.”
the insiders always know, because almost ALL bitcoins are held by a very small number of so-called whales who can manipulate the price of bitcoins at their whim ...
However, your fears are VERY real. Dictators and oligarchs, will control your access to assets if they can, they have already started doing this with debanking and Operation Chokepoint under Obummer and Biden.
The ATM scares me.
Should President Trump countermand EO 14067? (done under Resident Democrat Joe Biden)
[A US government CBDC ( cashless)]
This commercial says it was signed by EO 14067 by Democrat Joe Biden in 2022 - surprisingly, YouTube kept recommending this and I finally watched it way back
Biden’s EO 14067
This video is actually worth watching the portion I recommend - this ain’t going away
Biden already signed EO 14067 March 9, 2022.
The Digital Dollar will save us! Yeah, That’s the ticket!
(worth it to watch just the first 17 minutes - there will be no way to “prosper”, though)
Yes, I recommend watching the first 17 minutes of this video
The Jim Rickards Commercial - Jul 5, 2022
https://youtu.be/fCfzQNhi_ns?t=0
(Google’s YouTube, amazingly, kept popping this up on my recommended playlist on the side - so I finally watched the beginning of it - ignore the sales pitch and watch the first part I recommended above)
It’s $82k today...
I get it. Going to that will make it easier for control freaks to do a “social credit” score on people they dont like, exacctly what China does.
Yep
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