Interesting but I don’t know how this would actually work…
What numbers are we talking about?
The US treasury market is about 27 trillion.
So even if the US. goes full on global gold vs bitcoin rug pull mode, so that the btc price 10x and becomes as valuable as total gold…
the US currently still just holds about 20 billion.
So 0.001% of what they would need?
So numbers matter, cause the US would have to acquire (in stealth mode) the entirety of all btc in a very short amount of time.
Then let prices rip at least 10x and hodl from that point on, which would mean no circulation of any btc and therefore useless
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In this hypothetical, gold is going to be revalued X higher. It’s $22 Trillion now.
The corporate balance sheets with the most Bitcoin on them are US companies. They exist at the pleasure of the US Gov.