Shaky Boar
Shaky Boar
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EO on Bitcoin STRATEGIC RESERVE:
CON
No new purchases for the time being
No target figure for the number of Bitcoin in the reserve
PRO
Strong signaling effect
Factual acceptance of the Bitcoin asset at government level
No costs for taxpayers
Gradual accumulation planned
Swap of Gold reserves fo#Bitcoin
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„10-20% of all Bitcoin could pay off US debt.“ (Michael Saylor)
Well, not quite:
10% of 21M is 2.100.000 BTC, would cost at an DCA Price of 100k (unrealistic) ~200B USD, might go 100x within 20 years (10M a Coin), would then be 20T USD which is about 60% of current debt. Of todays debt. That will b#Bitcoin #USA #debt
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Between January 2010 and July 2010, the difficulty increased from 1.3 to 244.2. That’s almost 200x within 6 months.
People who had heard of it, connected their PC to the network and started mining this magic internet coin. Bitcoin had made it from an idea in a whitepaper of an anonymous person in #Bitcoin #Mining
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