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.David Sacks: Bitcoin Strategic Reserve Will Maximize Long-Term Value of U.S. Holdings "The reason why we need a Bitcoin reserve is that the federal government already owns some. In fact, it obtained around 400,000 Bitcoin over the past decade through criminal and civil forfeitures and seizures. And so the... government has to have a strategy for how it deals with this. In the past, the strategy has been simply to sell it in an ad hoc way, almost willy-nilly, and that cost American taxpayers something like $17 billion in lost value. So we want to have a long-term strategy to maximize the value of these holdings. We’ve decided that Bitcoin is scarce, it’s valuable, and it is strategic for the United States to hold on to this as a long-term reserve asset. So that’s the plan with the 200,000 Bitcoin that we believe are in the possession of the federal government. I say 'we believe' because no one really knows for sure since we’ve never had a proper audit. That’s one of the first things this executive order provides: we’re going to do a full government-wide audit to find out what digital assets we actually have so they can be safeguarded and moved into a strategy that maximizes their long-term value."show more

Josh Caplan

97,292 subscribers

90,861 次观看 • 1 年前 •via X (Twitter)

财经科学技术新闻政治

Anya Rossi• Live Now

Private livecam show

11 条评论

Nedensiz 的头像

Nedensiz1 年前

@DavidSacks

Bitcoin Above All 的头像

Bitcoin Above All1 年前

@DavidSacks Historical step

CrispyBull 的头像

CrispyBull1 年前

Inflation is eating away at national reserves 📉. Some countries are looking at Bitcoin for a fix. Is it a genius move or a risky gamble? 🎲⚖️#Bitcoin #Crypto #Blockchain #GovernmentReserves #BTC

Jonathan Cab 的头像

Jonathan Cab1 年前

@DavidSacks 200,000 bitcoins is about $20 billion in bitcoin. Imagine how much has been sold if we lost $17 billion on the sales.

Deep 的头像

Deep1 年前

@DavidSacks Don't forget this guy sold all of his crypto to get this going. Pretty good

Reed 的头像

Reed1 年前

@DavidSacks Rain man

Rock 的头像

Rock1 年前

@DavidSacks Digital Gold

MC 的头像

MC1 年前

@DavidSacks There needs to be 1. An accumulation plan to the BTC Reserve which includes purchases.. Tariff revenue could be taxpayer cost neutral. and 2. NO CAPITAL GAINS so that people can use BTC to pay for stuff without having to pay taxes to do so. This would increase wide scale adoption

Student 的头像

Student1 年前

@DavidSacks Compare how Sacks talks about these things to how the president talks. One is a sensible person and the other an erratic child.

random comments 的头像

random comments1 年前

@DavidSacks Bitcoin maxis are the biggest enemy of crypto innovation

Rory Borey 的头像

Rory Borey1 年前

@DavidSacks What he means is that it will maximize the value of HIS holdings. Greater Fool theory at work

相关视频

JUST IN: 🇺🇸 U.S. Rep. Byron Donalds says he's proposing a Florida Bitcoin reserve because "Bitcoin has proven to be a holder of value over the long term." "Having a bitcoin reserve as a part of your portfolio actually helps to provide value for the state long term."

JUST IN: 🇺🇸 U.S. Rep. Byron Donalds says he's proposing a Florida Bitcoin reserve because "Bitcoin has proven to be a holder of value over the long term." "Having a bitcoin reserve as a part of your portfolio actually helps to provide value for the state long term."

Bitcoin Magazine

378,152 次观看 • 1 年前

🇺🇸 TRUMP: “I signed an order creating the brand new Strategic Bitcoin Reserve and the US digital asset stockpile which will allow the Federal government to maximize the value of its holdings.”

Cointelegraph

250,338 次观看 • 1 年前

White House Crypto Czar @DavidSacks47 explains the Strategic Bitcoin Reserve, the Digital Assets Stockpile, and why the U.S. government believes Bitcoin is special—a unique store of value that we should never sell.

White House Crypto Czar @DavidSacks47 explains the Strategic Bitcoin Reserve, the Digital Assets Stockpile, and why the U.S. government believes Bitcoin is special—a unique store of value that we should never sell.

Michael Saylor

887,115 次观看 • 1 年前

BREAKING: RFK Jr. just said Trump will soon announce that in his next term, he will authorize the federal government to purchase a million Bitcoin as a strategic reserve asset This is YUGE, Trump has the crypto vote guaranteed “I understand that tomorrow President Trump may announce his plan to authorize the US government to buy a million Bitcoin as a strategic reserve asset, and I applaud that announcement.”

BREAKING: RFK Jr. just said Trump will soon announce that in his next term, he will authorize the federal government to purchase a million Bitcoin as a strategic reserve asset This is YUGE, Trump has the crypto vote guaranteed “I understand that tomorrow President Trump may announce his plan to authorize the US government to buy a million Bitcoin as a strategic reserve asset, and I applaud that announcement.”

George

1,240,780 次观看 • 1 年前

Strategy CEO: May sell Bitcoin for long-term shareholder value On May 28, 2026, during an interview with Fox Business, Strategy CEO Phong Le Phong Le stated that while the company's long-term philosophy is to aggregate Bitcoin, they may make week-to-week or day-to-day decisions to sell if it is accretive to shareholders in the long term. He mentioned that utilizing unrealized tax losses due to Bitcoin's volatility for tax planning is a reasonable motive for such sales. Phong Le expressed that despite potential sales at some point, the company will ultimately net increase its overall Bitcoin holdings and Bitcoin per share.

Strategy CEO: May sell Bitcoin for long-term shareholder value On May 28, 2026, during an interview with Fox Business, Strategy CEO Phong Le Phong Le stated that while the company's long-term philosophy is to aggregate Bitcoin, they may make week-to-week or day-to-day decisions to sell if it is accretive to shareholders in the long term. He mentioned that utilizing unrealized tax losses due to Bitcoin's volatility for tax planning is a reasonable motive for such sales. Phong Le expressed that despite potential sales at some point, the company will ultimately net increase its overall Bitcoin holdings and Bitcoin per share.

Wu Blockchain

17,350 次观看 • 1 个月前

RFK Jr. pledges the US government will buy “an equivalent amount of Bitcoin that we have gold” in his first term “I’m gonna do a basket of hard currencies, platinum and gold and other hard currencies, and begin issuing at least a class of Treasury bills that are anchored to hard currency, let’s say the first year 1%, and then maybe the next year 2% and watch how that goes. I would like to have the federal government begin to buy Bitcoin and over my term in office, ultimately have an equivalent amount of Bitcoin that we have gold. If we want to save our democracy, we need to decentralize it.”

RFK Jr. pledges the US government will buy “an equivalent amount of Bitcoin that we have gold” in his first term “I’m gonna do a basket of hard currencies, platinum and gold and other hard currencies, and begin issuing at least a class of Treasury bills that are anchored to hard currency, let’s say the first year 1%, and then maybe the next year 2% and watch how that goes. I would like to have the federal government begin to buy Bitcoin and over my term in office, ultimately have an equivalent amount of Bitcoin that we have gold. If we want to save our democracy, we need to decentralize it.”

Holden Culotta

190,386 次观看 • 1 年前

🚨🇺🇸 U.S. CONFIRMS STRATEGIC BITCOIN RESERVE, EVEN HINTING AT AGGRESSIVE ACCUMULATION The U.S. has established a Strategic Bitcoin Reserve through executive order and the broader Digital Assets National Stockpile. Officials called Bitcoin “in a class of its own” and confirmed infrastructure is being built to support long-term accumulation. The government aims to act fast, within a budget-neutral framework, with full regulatory clarity underway. The reserve’s scope remains under wraps… for now. Source: Alcoin Daily

🚨🇺🇸 U.S. CONFIRMS STRATEGIC BITCOIN RESERVE, EVEN HINTING AT AGGRESSIVE ACCUMULATION The U.S. has established a Strategic Bitcoin Reserve through executive order and the broader Digital Assets National Stockpile. Officials called Bitcoin “in a class of its own” and confirmed infrastructure is being built to support long-term accumulation. The government aims to act fast, within a budget-neutral framework, with full regulatory clarity underway. The reserve’s scope remains under wraps… for now. Source: Alcoin Daily

Mario Nawfal

134,302 次观看 • 11 个月前

The World Economic Forum doesn't talk about Bitcoin - so I made sure that we did in 2025. I took the chance to ask if the US will adopt a Bitcoin strategic reserve during the 'Crypto at a Crossroads' session inside this year's WEF conference. Coinbase's Brian Armstrong remains confident we will see a Bitcoin reserve in America. Interestingly, South Africa's Reserve Bank Governor Lesetja Kganyago made it evident that many still don't understand the underlying value proposition of Bitcoin. Armstrong provided an important response: "Many things have been used as money over the years. I think it's clear at this point that, you know, Bitcoin is a better form of money than gold. It is provably scarce, just like gold, but it's more portable and divisible. So you can actually use it. It was the best performing asset of the last ten years. And so for a store of value, I think it's going to be important for governments to hold this over time. It may not it might start with being 1% of their reserves, but I think over time it'll come to be equal to or greater than gold reserves." Cointelegraph

The World Economic Forum doesn't talk about Bitcoin - so I made sure that we did in 2025. I took the chance to ask if the US will adopt a Bitcoin strategic reserve during the 'Crypto at a Crossroads' session inside this year's WEF conference. Coinbase's Brian Armstrong remains confident we will see a Bitcoin reserve in America. Interestingly, South Africa's Reserve Bank Governor Lesetja Kganyago made it evident that many still don't understand the underlying value proposition of Bitcoin. Armstrong provided an important response: "Many things have been used as money over the years. I think it's clear at this point that, you know, Bitcoin is a better form of money than gold. It is provably scarce, just like gold, but it's more portable and divisible. So you can actually use it. It was the best performing asset of the last ten years. And so for a store of value, I think it's going to be important for governments to hold this over time. It may not it might start with being 1% of their reserves, but I think over time it'll come to be equal to or greater than gold reserves." Cointelegraph

Gareth Jenkinson

452,090 次观看 • 1 年前

Making Sense Of Strategy What is happening with $MSTR? If you’ve been following me on X for any meaningful length of time, you will know that I have been attempting to calibrate people’s expectations of the stock's performance for the best part of 2025. Here I have synthesised all of my thoughts and distilled them into a single video. If you prefer YouTube, you can watch it here: If you prefer written format, continue reading. The first thing we need to understand is what Strategy is and why people invest in it. Strategy At the highest level, Strategy is leveraged Bitcoin. That’s it. Strategy leverages debt to acquire more Bitcoin. Therefore, the main reason you invest in Strategy is because you want to outperform Bitcoin. The only thing better than Bitcoin is more Bitcoin. The second thing we need to understand is mNAV. mNAV Generally speaking for a pure-play Bitcoin Treasury Company like Strategy, mNAV is a reflection of the market's expectation of future Bitcoin Yield. Bitcoin Yield comes with diminishing returns because each additional Bitcoin purchase contributes less to Bitcoin Per Share. Thus, the larger your Bitcoin stack, the harder it becomes to generate Bitcoin Yield and by extension the harder it becomes to outperform Bitcoin. This is why on a Bitcoin Standard, over a long enough time horizon, mNAV trends towards 1 since the maximum amount of Bitcoin you can own is 21M. With all this in mind, why is Strategy trading where it is and why is it trading at such a low mNAV? There are a few reasons. 1. Strategy Is A Different Company In 2025 Firstly, Strategy is a totally different company in 2025 to the one it was in 2020. For context, believe it or not, the company only introduced Bitcoin Yield and Bitcoin Per Share in the July 2024 Q2 Earnings Call and so it was only after that that they began optimising for those metrics. In my view, that is also when Michael Saylor truly started to understand the opportunity that was in front of him, which is why in October 2024 we saw Strategy announce the 21/21 plan which became the catalyst for the parabolic run we saw in November 2024 where $MSTR went on to briefly hit an all-time-high of around $550. Since people are comparing $MSTR this cycle to the $MSTR of last cycle when it briefly traded at an mNAV of over 8x, it is distorting their expectations. Again, Strategy is a totally different company today with a totally different set of dynamics. 2. New Industry Secondly, we need to recognise that the Bitcoin Treasury Company industry is entirely new which means that the market has been forced to learn and adapt in real-time. With Strategy being the first and by far the largest Bitcoin Treasury Company, it has gained a disproportionate amount of attention and as a result it has attracted a disproportionate amount of speculative capital along the way while everyone has been trying to figure out how to value it. Consequently, in my view, the move we saw in November 2024 was an over-correction to the upside — which by the way coincided with Bitcoin’s parabolic run following Donald Trump’s election win — and what we’re now seeing is an over-correction to the downside. 3. Bitcoin Yield Thirdly, as I mentioned at the beginning, Bitcoin Treasury Companies are currently valued based on how much Bitcoin Yield they are expected to generate in the future. At the time of recording, Strategy currently holds precisely 637,460 Bitcoin — that’s over 3% of the total Bitcoin supply — which means that it is much, much harder to generate meaningful Bitcoin Yield, which again is why we’re seeing the mNAV compress. However, there is a caveat here. There is another metric that Strategy have introduced which is Bitcoin $ Gain. Bitcoin $ Gain is defined as the $ value of newly acquired Bitcoin within any period. Strategy — and I don’t blame them — have been attempting to encourage the market to interpret Bitcoin $ Gain as “earnings” and to value the company based on how much earnings it is expected to generate in the future. For full disclosure, I personally dislike Bitcoin $ Gain as a valuation metric. I think framing it as “earnings” is misleading and disingenuous. I understand why it has been introduced because it speaks the language of Wall Street. However, traditional earnings are final. Bitcoin $ Gain is not because it is forever subject to the price of Bitcoin. Therefore, for Bitcoin $ Gain to be embraced by Wall Street, the market must collectively agree that Bitcoin is going up forever. I remain very sceptical of that happening — especially in the short-to-medium term. However, I am also not attached to my beliefs and so if Wall Street does decide to embrace Bitcoin $ Gain as its primary valuation metric, then $MSTR is likely undervalued by a factor of 5-10x. If not, then $MSTR is likely undervalued by a factor of 1-2x. If you’re not content with the latter being the worst case scenario, then the stock probably isn’t for you. 4. Preferred Products Fourthly, the Strategy thesis right now revolves entirely around the success of its preferred products. Remember, Michael Saylor wants Strategy to become the Amazon of the fixed income market. Thus, we’re not talking about a small innovation here — we are talking about completely transforming global finance. This means that the process of generating awareness and educating the market that will ultimately drive demand for these products is going to take years — not months — which is why you need to have a long time-horizon. Presently, the market is completely discounting the success of Strategy’s preferred products. What it’s not factoring in however is that the capital markets are desperate for yield right now. Thus, when — not if — but when, they eventually wake up to Bitcoin, how do you think they’re going to get that yield? Who is going to be the entity that is offering Bitcoin-backed credit instruments at scale? The answer is obviously Strategy, but again, this is a 5-to-10 year and beyond story. So with all that said, if you’re reading this right now, what should you do? Valuing Strategy There are 3 steps you need to take: 1. Firstly, you need to define your time horizon. In other words, how long do you intend on holding the stock for? 2. Secondly, you need to estimate either — depending on your preferred metric — how much Bitcoin Yield or how much Bitcoin $ Gain you expect Strategy to generate during that period and then calculate how much you expect $MSTR to outperform Bitcoin based on those values. 3. Thirdly, ask yourself whether you’d be satisfied with the level of outperformance you have calculated? In other words, is the trade-off worth it? Or would you be better off investing in either spot Bitcoin, an alternative Bitcoin Treasury Company or a Bitcoin ETF. If you’re satisfied with the level of outperformance that you’ve calculated, then $MSTR it probably a good choice of investment for you. If you're not satisfied, then $MSTR is probably a bad choice of investment for you. I personally believe that $MSTR will outperform Bitcoin by a minimum factor of 1-2x over the next 5/10 years and potentially much more if Bitcoin $ Gain becomes the primary metric by which it is valued, but again, I remain sceptical of that happening. Regardless, the best is yet to come.

Making Sense Of Strategy What is happening with $MSTR? If you’ve been following me on X for any meaningful length of time, you will know that I have been attempting to calibrate people’s expectations of the stock's performance for the best part of 2025. Here I have synthesised all of my thoughts and distilled them into a single video. If you prefer YouTube, you can watch it here: If you prefer written format, continue reading. The first thing we need to understand is what Strategy is and why people invest in it. Strategy At the highest level, Strategy is leveraged Bitcoin. That’s it. Strategy leverages debt to acquire more Bitcoin. Therefore, the main reason you invest in Strategy is because you want to outperform Bitcoin. The only thing better than Bitcoin is more Bitcoin. The second thing we need to understand is mNAV. mNAV Generally speaking for a pure-play Bitcoin Treasury Company like Strategy, mNAV is a reflection of the market's expectation of future Bitcoin Yield. Bitcoin Yield comes with diminishing returns because each additional Bitcoin purchase contributes less to Bitcoin Per Share. Thus, the larger your Bitcoin stack, the harder it becomes to generate Bitcoin Yield and by extension the harder it becomes to outperform Bitcoin. This is why on a Bitcoin Standard, over a long enough time horizon, mNAV trends towards 1 since the maximum amount of Bitcoin you can own is 21M. With all this in mind, why is Strategy trading where it is and why is it trading at such a low mNAV? There are a few reasons. 1. Strategy Is A Different Company In 2025 Firstly, Strategy is a totally different company in 2025 to the one it was in 2020. For context, believe it or not, the company only introduced Bitcoin Yield and Bitcoin Per Share in the July 2024 Q2 Earnings Call and so it was only after that that they began optimising for those metrics. In my view, that is also when Michael Saylor truly started to understand the opportunity that was in front of him, which is why in October 2024 we saw Strategy announce the 21/21 plan which became the catalyst for the parabolic run we saw in November 2024 where $MSTR went on to briefly hit an all-time-high of around $550. Since people are comparing $MSTR this cycle to the $MSTR of last cycle when it briefly traded at an mNAV of over 8x, it is distorting their expectations. Again, Strategy is a totally different company today with a totally different set of dynamics. 2. New Industry Secondly, we need to recognise that the Bitcoin Treasury Company industry is entirely new which means that the market has been forced to learn and adapt in real-time. With Strategy being the first and by far the largest Bitcoin Treasury Company, it has gained a disproportionate amount of attention and as a result it has attracted a disproportionate amount of speculative capital along the way while everyone has been trying to figure out how to value it. Consequently, in my view, the move we saw in November 2024 was an over-correction to the upside — which by the way coincided with Bitcoin’s parabolic run following Donald Trump’s election win — and what we’re now seeing is an over-correction to the downside. 3. Bitcoin Yield Thirdly, as I mentioned at the beginning, Bitcoin Treasury Companies are currently valued based on how much Bitcoin Yield they are expected to generate in the future. At the time of recording, Strategy currently holds precisely 637,460 Bitcoin — that’s over 3% of the total Bitcoin supply — which means that it is much, much harder to generate meaningful Bitcoin Yield, which again is why we’re seeing the mNAV compress. However, there is a caveat here. There is another metric that Strategy have introduced which is Bitcoin $ Gain. Bitcoin $ Gain is defined as the $ value of newly acquired Bitcoin within any period. Strategy — and I don’t blame them — have been attempting to encourage the market to interpret Bitcoin $ Gain as “earnings” and to value the company based on how much earnings it is expected to generate in the future. For full disclosure, I personally dislike Bitcoin $ Gain as a valuation metric. I think framing it as “earnings” is misleading and disingenuous. I understand why it has been introduced because it speaks the language of Wall Street. However, traditional earnings are final. Bitcoin $ Gain is not because it is forever subject to the price of Bitcoin. Therefore, for Bitcoin $ Gain to be embraced by Wall Street, the market must collectively agree that Bitcoin is going up forever. I remain very sceptical of that happening — especially in the short-to-medium term. However, I am also not attached to my beliefs and so if Wall Street does decide to embrace Bitcoin $ Gain as its primary valuation metric, then $MSTR is likely undervalued by a factor of 5-10x. If not, then $MSTR is likely undervalued by a factor of 1-2x. If you’re not content with the latter being the worst case scenario, then the stock probably isn’t for you. 4. Preferred Products Fourthly, the Strategy thesis right now revolves entirely around the success of its preferred products. Remember, Michael Saylor wants Strategy to become the Amazon of the fixed income market. Thus, we’re not talking about a small innovation here — we are talking about completely transforming global finance. This means that the process of generating awareness and educating the market that will ultimately drive demand for these products is going to take years — not months — which is why you need to have a long time-horizon. Presently, the market is completely discounting the success of Strategy’s preferred products. What it’s not factoring in however is that the capital markets are desperate for yield right now. Thus, when — not if — but when, they eventually wake up to Bitcoin, how do you think they’re going to get that yield? Who is going to be the entity that is offering Bitcoin-backed credit instruments at scale? The answer is obviously Strategy, but again, this is a 5-to-10 year and beyond story. So with all that said, if you’re reading this right now, what should you do? Valuing Strategy There are 3 steps you need to take: 1. Firstly, you need to define your time horizon. In other words, how long do you intend on holding the stock for? 2. Secondly, you need to estimate either — depending on your preferred metric — how much Bitcoin Yield or how much Bitcoin $ Gain you expect Strategy to generate during that period and then calculate how much you expect $MSTR to outperform Bitcoin based on those values. 3. Thirdly, ask yourself whether you’d be satisfied with the level of outperformance you have calculated? In other words, is the trade-off worth it? Or would you be better off investing in either spot Bitcoin, an alternative Bitcoin Treasury Company or a Bitcoin ETF. If you’re satisfied with the level of outperformance that you’ve calculated, then $MSTR it probably a good choice of investment for you. If you're not satisfied, then $MSTR is probably a bad choice of investment for you. I personally believe that $MSTR will outperform Bitcoin by a minimum factor of 1-2x over the next 5/10 years and potentially much more if Bitcoin $ Gain becomes the primary metric by which it is valued, but again, I remain sceptical of that happening. Regardless, the best is yet to come.

Chris Millas

36,835 次观看 • 9 个月前

Harvey Levin says the latest letter sent to TMZ isn’t a ransom note but a demand for one bitcoin in exchange for the alleged kidnapper’s identity: “This letter that we got this morning is not a ransom letter. It is a letter saying that the person who wrote it knows the identity of the kidnapper, and for the price of one bitcoin, that person will disclose the information. The person gives a bitcoin address. We have checked it all day so far, and there is no bitcoin that has been deposited. If this is a hoax, it’s a crime. We’ve turned this over to the FBI and the sheriff’s department.”

Harvey Levin says the latest letter sent to TMZ isn’t a ransom note but a demand for one bitcoin in exchange for the alleged kidnapper’s identity: “This letter that we got this morning is not a ransom letter. It is a letter saying that the person who wrote it knows the identity of the kidnapper, and for the price of one bitcoin, that person will disclose the information. The person gives a bitcoin address. We have checked it all day so far, and there is no bitcoin that has been deposited. If this is a hoax, it’s a crime. We’ve turned this over to the FBI and the sheriff’s department.”

Sean Hannity 🇺🇸

220,419 次观看 • 5 个月前

The Strategic Bitcoin Reserve represents a strategy for U.S. digital supremacy in the 21st century. In this presentation, I discuss why Bitcoin is critical to our nation's prosperity and how America can become the global Bitcoin superpower.

The Strategic Bitcoin Reserve represents a strategy for U.S. digital supremacy in the 21st century. In this presentation, I discuss why Bitcoin is critical to our nation's prosperity and how America can become the global Bitcoin superpower.

Michael Saylor

824,112 次观看 • 1 年前

🔥 BULLISH: Florida’s candidate for governor Byron Donalds explains why he’s proposing a Florida Bitcoin reserve. "Bitcoin has proven to be a holder of value over the long term.”

🔥 BULLISH: Florida’s candidate for governor Byron Donalds explains why he’s proposing a Florida Bitcoin reserve. "Bitcoin has proven to be a holder of value over the long term.”

Cointelegraph

59,074 次观看 • 1 年前

🇺🇸 Senator Lummis says she wants to give the Federal Reserve the authority to own Bitcoin. "I want our federal government to have a Strategic Bitcoin Reserve - buying 200,000 $BTC a year for 5 years, and holding it for 20 years."

🇺🇸 Senator Lummis says she wants to give the Federal Reserve the authority to own Bitcoin. "I want our federal government to have a Strategic Bitcoin Reserve - buying 200,000 $BTC a year for 5 years, and holding it for 20 years."

Bitcoin Archive

181,077 次观看 • 1 年前

🚨BITCOIN RESERVE SNAG IS NOT THE STORY🚨 The story is that crypto is now being structured at the highest level of the U.S. government. Trump’s order already created a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile. Now the debate is where it legally sits, Treasury or Commerce, and how America manages seized digital assets long term. That is not the same as walking away. That is the government learning how to hold crypto as national infrastructure. Now add CLARITY moving through Congress, and the picture gets bigger for $XRP, $XLM, $HBAR and other digital assets made in America Bitcoin is the reserve signal. Utility assets are the working rails: settlement, payments, tokenization and enterprise networks. This is the moment most people misread. They see legal friction and panic. I see the U.S. trying to build the rulebook before the next financial system scales.

🚨BITCOIN RESERVE SNAG IS NOT THE STORY🚨 The story is that crypto is now being structured at the highest level of the U.S. government. Trump’s order already created a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile. Now the debate is where it legally sits, Treasury or Commerce, and how America manages seized digital assets long term. That is not the same as walking away. That is the government learning how to hold crypto as national infrastructure. Now add CLARITY moving through Congress, and the picture gets bigger for $XRP, $XLM, $HBAR and other digital assets made in America Bitcoin is the reserve signal. Utility assets are the working rails: settlement, payments, tokenization and enterprise networks. This is the moment most people misread. They see legal friction and panic. I see the U.S. trying to build the rulebook before the next financial system scales.

X Finance Bull

14,988 次观看 • 4 天前

"The most realistic scenario of us being a forced seller of Bitcoin is in 2028 when $3.5 billion of prefers come due. And even then, we have other options" Strategy CEO Phong Le on what it would actually take for the company to be a forced seller of Bitcoin "We have about $3.5 billion of converts that come due in 2028 with a high strike price, over $400. If at that point Bitcoin has lost a significant amount of its value and our share price is depressed, we would sell the Bitcoin to satisfy the converts" "That's an edge case, because we could also just refinance those converts. We could equitize it. We're talking 2028, two years out" "I don't see any scenario until then that we become a forced seller of Bitcoin. And even then, we have other opportunities and options"

"The most realistic scenario of us being a forced seller of Bitcoin is in 2028 when $3.5 billion of prefers come due. And even then, we have other options" Strategy CEO Phong Le on what it would actually take for the company to be a forced seller of Bitcoin "We have about $3.5 billion of converts that come due in 2028 with a high strike price, over $400. If at that point Bitcoin has lost a significant amount of its value and our share price is depressed, we would sell the Bitcoin to satisfy the converts" "That's an edge case, because we could also just refinance those converts. We could equitize it. We're talking 2028, two years out" "I don't see any scenario until then that we become a forced seller of Bitcoin. And even then, we have other opportunities and options"

The Wolf Of All Streets

50,719 次观看 • 28 天前

.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

.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 Boyapati

10,163 次观看 • 1 年前