Ah, the land of the free and the home of the brave is now also the land of the Bitcoin hoarders! 🦅💼 The U.S. government, in its infinite wisdom, might be sitting on a dragon’s lair of up to 88,000 BTC, ready to unleash its crypto power, excluding the Bitfinex loot, of course. 🐉💰
we think current US bitcoin balance available for re-purpose into a reserve is max 88k BTC, only 43% of current government holdings. that’s bc of the ~198k BTC now held by USG, 112k BTC will be returned to bitfinex
market will learn the difference between “seized” & “forfeited” 🤨👩⚖️
— Alex Thorn (@intangiblecoins) March 7, 2025
David Sacks, the White House’s own AI and Crypto Czar (sounds like a fancy title, doesn’t it? 👑), wants us to believe that this Bitcoin stash is coming from the good ol’ asset seizures, ensuring the taxpayers don’t foot the bill. But, oh, the plot twist! Only the forfeited Bitcoin can be used, not the seized ones, cutting the dream pile down to a mere 88,000 BTC. Talk about a buzzkill! 💔💸
And guess what? Bitcoin is the government’s favorite child, making up a whopping 97.7% of its digital asset portfolio. Add Wrapped Bitcoin to the mix, and it’s practically a monopoly! 🎪👨👩👧👦
Meanwhile, Trump’s out here playing 4D chess, setting up a Strategic Bitcoin Reserve and making waves in the crypto space. Coinbase’s Brian Armstrong is all like, “This is huge! Other countries are gonna jump on this bandwagon faster than you can say ‘blockchain.'” 🌍🚀
The end game was never “the U.S. government buys all of the world’s bitcoin.”
A U.S. Strategic Bitcoin Reserve means…
– Other countries will buy bitcoin
– Wealth managers have no excuse
– Financial institutions have no excuse
– Pensions/Endowments have no excuse
– Fear of the…— Ryan Rasmussen (@RasterlyRock) March 7, 2025
Ryan Rasmussen, the sage of Galaxy Digital, drops some truth bombs about how this reserve is a game-changer. It’s like saying, “Hey, world, we’re not selling our BTC, so you might as well buy some too.” 🌐🛍️ It’s a free pass for everyone from your local state government to that wealthy aunt with the questionable investment advice. 👵💼
And here’s the kicker: owning Bitcoin means the U.S. is less likely to go all “Big Brother” on crypto. Because, you know, it’s kind of hard to ban something you’re actively collecting. 🚫🔐 This shift is rewriting the Bitcoin narrative faster than a teenager’s status update. 📝👶
Despite the market doing its usual rollercoaster impression, Bitcoin is holding strong, trading at around $87,800. The Mar. 7 White House Crypto Summit is just around the corner, ready to stir the pot and shape the future of Bitcoin in the financial system. 🏦🔮
Let’s not forget the images, because a picture is worth a thousand satoshis.
Image 1: U.S. flag with Bitcoin logo
Image 2: Coinbase CEO Brian Armstrong
Image 3: Galaxy Digital’s head of research Ryan Rasmussen
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2025-03-07 08:23