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Because selling those coins and paying down debt reduces our interests payments. It’s risk free revenue. Holding assets, be it stocks or bitcoin, is making a be
by jaredklewis 2y ago
Because selling those coins and paying down debt reduces our interests payments. It’s risk free revenue. Holding assets, be it stocks or bitcoin, is making a bet on something. There’s risk in exchange for potential reward. Will the government be better at making those bets than, say hedge funds? I don’t know, but kind of doubt it.
- jeetoid 2y agoOn the other hand, the price has steadily risen far beyond any other investment over the past 15 years and there's a credible argument for why this would continue. The amount of money recouped by selling, which is only done once, is far less than the continuous payments of the absurdly bloated and outright criminal administrative state and so many other federal programs.