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cm0002@lemmy.world to United States | News & Politics@midwest.social · 1 month ago

White House Says Gold Reserves May Be Used to Purchase Bitcoin

finance.yahoo.com

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White House Says Gold Reserves May Be Used to Purchase Bitcoin

finance.yahoo.com

cm0002@lemmy.world to United States | News & Politics@midwest.social · 1 month ago
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A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC). What Happened: Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, ...
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  • Xaphanos@lemmy.world
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    1 month ago

    The biggest pump and dump ever.

  • hmonkey@lemy.lol
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    1 month ago

    So they want to replace something that’s always had value with something they very likely don’t even understand? What’s the rush?

    • djsoren19@lemmy.blahaj.zone
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      1 month ago

      The rush is to funnel government funds into the pockets of Trump and his cronies.

  • Gnugit@aussie.zone
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    1 month ago

    Imagine…

  • Optional@lemmy.world
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    1 month ago

    I love what they’re doing with our money.

    Wait - no I fucking don’t what the fuck

  • Substance_P@lemmy.world
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    1 month ago

    So this is speculative policy and is going to 100% be met with strong political headwinds, but it’ll boost the price of Bitcoin for the bros for sure. Looks like just another pump and dump grift to me.

  • anachronist@midwest.social
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    1 month ago

    Ok I admit, now it’s starting to get funny.

  • NOT_RICK@lemmy.world
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    1 month ago

    Pitting the gold speculators against the cryptobros?

    Let them fight

  • TacoButtPlug@sh.itjust.works
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    1 month ago

    OK so they REALLY want to bankrupt the country. Jfc.

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