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The White House declared Bitcoin part of the Strategic Reserve of the US. Big step in the transitioning of the financial world and big step for Bitcoin adoption and legislation.
A strategic national reserve like the one Donald Trump just announced only makes sense if it is based on a neutral asset.
Only Bitcoin meets this criterion.
Bitcoin is decentralized. Bitcoin is a neutral and apolitical hard money.
XRP, SOL, and ADA are tokens linked to companies. There is a clear conflict of interest here.
How will America finance this reserve?
#Bitcoin #BTC #DonaldTrump
@PeterSchiff There will be no investigation on Trumps and his staffs actions under the presidency of Trump, so it looks like we’re pretty much F*cked 🫠
@ssaurel@DocumentingBTC Right! A strategic reserve with altcoins makes no durable sense. A move like this you shows you do not understand the true nature of bitcoin.
I get the rationale for a Bitcoin reserve. I don't agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create a Bitcoin reserve too. But what's the rationale for an XRP reserve? Why the hell would we need that?