I think they’ll seize it and mine it in secret. Hash rate is no longer sensitive to price and energy costs are going up so they may already be mining it. Bessent slipped when he said they were only going seize Bitcoin not buy it. He walked that back but and went with the “tax-neutral” official talking point. I think they’ll seize sovereign wealth fund may acquire more than the treasury.

Unfortunately, they don’t have to buy the Bitcoin. They control upstream energy resources and can “acquire/invest” downstream “strategically important” companies like Strategy. In the end, a Treasury Dept eager to acquire Bitcoin will defeat the Fed, I just hope they don’t destroy property rights to do it.

Two questions end this debate: 1. What institution demonetized gold? Central banks 2. Who is driving the gold bull market? Central banks How many times can people fall for the same rug pull?

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