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Buying one million when only ~20 million are in circulation is shocking, to put it mildly. It would be 5% of global supply just owned by the US government. Assu
by tdb7893 2y ago
Buying one million when only ~20 million are in circulation is shocking, to put it mildly. It would be 5% of global supply just owned by the US government. Assuming prices didn't go up much after they started buying it would be 100 billion dollars worth
- yieldcrv 2y agoA single US corporation is already on the path to doing that But yes I believe the liquidity will dry up as entities with short time horizons will have stopped selling Of course, most of those entities and people have a number, it will just be a much higher price of bitcoin The game is to frontrun the Feds. And nobody in the federal government cares as it will just be instructed to do so by the President and Congress
- TMWNN 2y ago> Buying one million when only ~20 million are in circulation is shocking, to put it mildly. It would be 5% of global supply just owned by the US government. 5% would be completely consistent with the US's share of the world gold reserves. <https://www.gold.org/goldhub/data/gold-reserves-by-country https://www.gold.org/goldhub/data/gold-reserves-by-country>