0.00Open20.00Pre Close0 Volume0 Open Interest20.00Strike Price0.00Turnover0.00%IV-17.05%PremiumJan 17, 2025Expiry Date28.22Intrinsic Value100Multiplier-5DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type--Delta--Gamma2.41Leverage Ratio--Theta--Rho--Eff Leverage--Vega
LittleSoldier : Why the drop in Crypto?
10baggerbamm OP LittleSoldier : because it tasks David Sacks by heading up a group to evaluate the possibility of a digital asset stockpile
LittleSoldier 10baggerbamm OP : correct me if im wrong but wouldn’t a stock pile have to be purchased at some level?
10baggerbamm OP LittleSoldier : the government has Bitcoin that it seized right now. if you go online you can do a search and see the current balance of Bitcoin minute to minute any transaction that it's done most people believe that that will be the seed money the foundation of the strategic reserve.
the next question to address it doesn't it have to be purchased and that's a very good question because if something has to be purchased Trump does not have the ability to control that with the law he can only issue an executive order, however
House of Representatives, controls the "power of the purse," as outlined in Article I, Section 9, Clause 7 of the Constitution (the Appropriations Clause). This authority allows Congress to approve federal spending and ensure no money is withdrawn from the Treasury without its consent.
so if he were to say every month the United States will be buying Bitcoin and allocating it to our strategic reserve that requires an act of Congress.
I believe this is my opinion and like I said I've spam the shit to everybody on X and high places in Congress in the Bitcoin community some of the one-to-one Bitcoin holders to Elon Musk to Donald Trump's son to everybody and to a lot of the top analysts that have the ability with the phone call to get to the inner circle of President Trump.
I believe he can use executive order with the tariffs which will be imposed on anybody that manufactures outside of the United States that these tariffs be paid in Bitcoin.
if you were to do this it completely circumvents the need for Congressional approval
other countries around the world would have to go into the open market and buy Bitcoin and pay the federal government which Trump then can say okay this Bitcoin we're just going to put into this corner over here for our strategic reserve.
and then after the fact Congress can go in and make a law because Republicans control the house in the Senate to say that these monies being received as a result of tariffs will be in a strategic reserve and will never be sold it will be the equivalent of federal land it will be a foundation for this country to build upon
LittleSoldier 10baggerbamm OP : Good point, another thought i had was since the cartles have now been deemed terrorist and operate through crypto, couldn’t those assets be sized just like bank accounts are sized, just a thought?
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