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[Peter Schiff @PeterSchiff]

If the U.S. government actually established a #Bitcoin reserve and bought 1 million Bitcoin, it might end up buying millions more. Since the U.S. government’s purchase of 1 million Bitcoin would drive the price so high, many HODLers, then worth millions or billions, would finally begin cashing out to spend their windfalls.

That would cause the market to crash, forcing the U.S. government to print even more dollars to buy more Bitcoin to prevent the price from crashing, thereby diminishing the value of its Bitcoin reserve. Of course, a reserve of something you can never sell and must continuously buy is worthless as a reserve. To maintain the pretense that its Bitcoin reserve has actual value, the U.S. government would be forced to keep buying, destroying the value of the dollar in the process.

This would mean Bitcoin prices would keep rising, and the U.S. government would have to print even more money to buy more Bitcoin. Ultimately, so many dollars would be printed to buy Bitcoin that the U.S. would experience hyperinflation, rendering the dollar completely worthless. Once the dollar is worthless, the U.S. could no longer keep buying Bitcoin. Instead, it would have to sell all the Bitcoin it holds to try to pay its bills, leading to the complete collapse of Bitcoin. In the end, Bitcoin would have succeeded in destroying the dollar. But the victory would be short-lived, as Bitcoin would be destroyed along with it. At least those who sold to the U.S. government to buy real assets would be rich. The people who never sold their Bitcoin, or kept their savings in dollars, would be completely wiped out.

It goes without saying that this scenario would be an unmitigated disaster for the U.S. That's why it's highly unlikely that a Bitcoin reserve will ever be established, let alone built up to the level suggested by RFK.

[Lorenzo @lorenzoxbt]

Yes, this is a @cobie subtweet

[Giotto @giottodf]

Are you a fan of Polkadot? Do you have any DOT? Are you interested in DOT activism through OpenGov 2? Follow me to learn more about DOT and DOT activism

[The Local Germany @TheLocalGermany]

Today in Germany: A roundup of the latest news on Monday https://t.co/9ltj7ryyCp

[unusual_whales @unusual_whales]

Good night to everyone:

[Invest In Assets 📈 @InvestInAssets]

Tenets of the Warren Buffet Way

From The Warren Buffett Portfolio

[Market Rebellion @RebellioMarket]

TYPES OF THE TRIANGLE PATTERNS.

[The Investing for Beginners Podcast @IFB_podcast]

COGS vs OPEX:

[ₕₐₘₚₜₒₙ @hamptonism]

Equations that changed the world.

[The Great Martis @great_martis]

Bitcoin

Keeping it simple .

Physics applied .

[The Long Investor @TheLongInvest]

Save it.

[The Long Investor @TheLongInvest]

$BABA

AUGUST 2016:
Share Price: $79
Revenue: $5 Billion
Cash: $16 Billion

AUGUST 2024:
Share Price: $79
Revenue: $31 Billion
Cash: $83 Billion

All indications are showing a move back to $150+

[Brian Feroldi @BrianFeroldi]

My favorite @elonmusk quote:

[Ai Business Journal @ArchieIntel]

🇯🇵 BANK OF JAPAN: No more rates hikes in near term due to market volatility.

That was quick... 😅

[The Great Martis @great_martis]

Evening star most powerful and most reliable. 🌟✨

[MiningVisuals @MiningVisuals]

Mining Companies by Market Capitalization (Top 30, in USD)

[Market Rebellion @RebellioMarket]

38 Jesse Livermore Trading Strategies:

[Brian Feroldi @BrianFeroldi]

How to analyze a company in less than 5 minutes:

Study these ratios:

[Brian Feroldi @BrianFeroldi]

What is Dupont Analysis?

Here's everything you need to know: