Vijay Boyapati
@real_vijay • 166,867 subscribers
Tu ne cede malis, sed contra audentior ito
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.Andrew Ross Sorkin seems unsure how the US government could buy Bitcoin in a budget neutral way. There are a number of ways that more Bitcoin could be acquired: - Asset Forfeiture: The U.S. government already seizes Bitcoin through criminal and civil asset forfeiture. Expanding and streamlining these processes could increase the amount of Bitcoin acquired. This is budget-neutral as the assets are obtained through legal proceedings, not direct purchases. - Revaluation of Existing Assets: There have been discussions about revaluing existing government assets, such as gold reserves, to current market prices. The increased valuation could create a "surplus" that could then be used to acquire Bitcoin. - Strategic Sale of Non-Essential Assets: The government could identify and sell non-essential assets, such as certain stockpiled commodities (our "strategic cheese reserve" 😅) or underutilized properties (Yellowstone national park - I kid, I kid!), and use the proceeds to purchase Bitcoin. Pierre Rochard has quipped that if you own a chair, you don't own enough Bitcoin (you should be standing more and sitting less). Obviously this is being a little flippant, but the idea has truth to it: if something is non-productive or has little growth potential, why not sell it and acquire the best performing asset of the last decade? Joe Kernen
Vijay Boyapati10,163 views • 1 year ago
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