Why the US Government Plans to Buy 1 Million Bitcoin

The US may be a superpower, and I voted for DJT, but it Bitcoin is still a rotting scam. Bad move, DJT!

Best part here is governments know who is the owner of bitcoin

Heights of stupidity. What if the value of Bitcoin becomes half or less than that in another few months? How come people vote for these stupids to run their country?

only 1 mil? that's not even loose change for the American government. it's so insignificant compared to the military budget

What happens? People move to other cryptocurrencies.

I don’t think bitcoin is a good way to store value. While it’s often touted that Bitcoin’s total supply is capped at 21 million coins, this doesn't mean that Bitcoin is inherently scarce or valuable. The limited supply argument might have worked if Bitcoin were a tangible asset, like gold, with real-world uses. But Bitcoin, being digital, can be endlessly divided, and its value is ultimately driven by speculation, not its scarcity.

East India company literally ruled countries dressed as merchants.

A massive transfer of wealth from Asian & other countries is the core motive for this.

A pump & dump plan hetched by Govt.

Then after this coins can be used around the world to bribe people and do all kinds of shady and criminal activities.

So what if someone builds trust in some other crypto currency.

Pump and dump

Satoshi saw the future before he died. The 21 million BTC cap is not by accident. It is Earth's future population in Billions of humans, almost 3X of what it was 15 years ago. Divide that by the available amount, and you realise that people of the future will trade in SATs and countries/banks/corporations in whole Bitcoins.

Lekker man

😂 lol that’s what we need, another derivative

If Bitcoin has no intrinsic value, then neither do dollars or gold.

Also, as to whether it’s a medium of exchange or store of value: It’s both. Even if someone thinks it’s a bad medium of exchange, it can still be exchanged. And likewise, dollars are a store of value, even though they’re a bad store of value.

Infact, can anyone name ANY asset that is good at both? Probably not - so why do people use it as a criticism against Bitcoin but not anything else?

There are only 40.000 bitcoins thats the whole idea of them genius

so the silk road just funded the us government, they arrested him when they should've hired him.

oh look, other countries already doing that! They have a plan to make it all digitall and gave us no option in the future, its just step by step plan. Now they give you chance to be amazed by it, oh wow how it grows! look! and it brings attention. If the goal is total control, then you can give poeople whatever they need now. You said it might be good future for America, bad future for America, it might be solution to this and that. But it also might be a very different type of game.

Who are they buying it from?

It's a scam.

Govt has enough problems, leave con game bubble scam ponzi bitcoin to the kooks like saylor

BTC is the biggest con ever . bigger than .... well, anything else ever. Your bag doesnt make it legit .

Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and investing with her has been amazing.

This is a huge mistake, it will end in a dumpster fire.

Amazing seeing the comments on here. Dagogo, I like you're videos but, it would have been worth mentioning the comparisons in market capitalisation between gold and bitcoin. Market capitalisations dictate the volatility of fixed supply assets. Gold is not fixed, and while it's supply doesn't increase a whole lot, it is currently valued at $17T in comparison to BTC at $1.9T. The higher the marketcap the less volatile an asset. The premise the Bitcoin could some day match or eclipse gold in marketcap, will be increase it's ability to be a stable store of value (SOV). Bitcoin has been around for 15 years, in comparison to gold - almost 3000 years. The stability will increases due to the fixed supply and anyone who says 'it can be changed' doesn't understand how the network operates and the halving cycles. While I agree the US strategic reserve is not good for decentralisation, I think it is necessary for bitcoin to mature as an asset class and SOV.

The left has its money making scam called climate change, the right has its money making Ponzi scheme scam called crypto currency.

One thing you overlooked in this episode is that the gold being held by the Federal Reserve (in Ft Knox, New York and elsewhere) has NEVER been audited. In fact, other countries, for whom we are storing their gold, have from time to time pressed this issue concerning their own gold. But gold is very fungible so when a pallet is rolled out for, say, Brazil, there is no way that they can KNOW that this is their gold and not just a random "flash of stash".

What are the far better crypto assets out there? None are as decentralised and secure.

Us gov don’t buy, they set virus ware to deliberately steal your bits through all vulnerability and will later arrest the ransomware developer

Honestly, the companies and other parties that held our info should be paying for the Aura subscriptions for us. They are the reason our information was leaked and it's not fair that people that did nothing wrong should be responsible for paying for it.

There is no (S) in BITCOIN!

Risk reward is off the charts. If they spend a trillion and they’re wrong, it’s just a drop in the bucket. If they spend a trillion and they’re right, it’s transformative.

wtf even is a “gold certificate” ?? 🧐🧐 u pay USD$ for a piece of paper and get no gold at all.. and then US gov uses that USD$ to buy crypto for US treasury. dafuq? i feel like im living in crazy world 🤡 🤡

I recently read an article about a man who identified AI stocks before the AI boom, highlighting the importance of information and insight. I believe AI and cryptocurrency is poised to enter a new phase, and I aim to position my $200k investment portfolio to capitalize on significant gains.

1. Sell gold certificate to buy Bitcoin
2. Sell Bitcoin certificate to buy....
3. And then the certificate used as alternative money
4. People realized that the certificate issued much more than Bitcoin or other aset supply
5. Get rushed
6. Another Fiat money "Fiat 2.0" born 😅

It is what it is 🎉

Bitcoin is a scam in general and in particular here.

The idea of Bitcoin's "final cycle" is intriguing, especially with the potential for mass adoption and halving-driven growth. As a stock market investor, I’m curious about how BTC might compare to traditional assets during economic uncertainty. With inflation and interest rates reshaping markets, diversification into crypto could be a smart hedge—but timing and understanding adoption trends seem crucial.

So America will jus print money to buy bitcoins should pay of your debt before purchasing anything

Unhackable? Lol. JFC, no, all someone needs to do it spin up enough nodes that they can dictate that they own all the coins now, it already happened and is the reason why eth is forked to this day.

To control it

Crypto networks will be instrumental in decentralising the internet.

No, none of the cryptocurrency is any good as anything. It is going to crash.

NOPE. This is not a good idea. It is peak stupid, and the reason it is, is because cryptocurrency businesses make up some of the most criminal, and unregulated, business and trade - globally. For the Federal government to support and want to be a part of this unsecured securities trade is unfathomable.

as for peak stupid🤣

Play at 1.5x, makes it bearable to hear

just one big enough coronal mass ejection, and see what would happend.

Does Bitcoin still require a lot of energy to create it?

I predict it will be doge coin. They will make Elon richer.

FORGET about MANUFACTORING in the USA, USA CAN NOT compete with the REST of the WORLD in manufacturing.. Both CHINA, South East Asia n India WILL ALWAYS HAVE TOO MANY PEOPLE TO do the jobs cheaper in manufacturing..

Nothing new under the Sun , it has happened before it will happen again.

Thank you for your videos mate.... With Trump's presidency, economic shifts are expected to be significant, especially given the current recession and the potential impact of future rate cuts. Although rate cuts might not boost inflation as hoped, they may lead banks to further restrict consumer and corporate lending, contributing to a deflationary period for various assets. This environment could result in declining stock values, retail and housing sales, and rising unemployment due to layoffs. For investors, a diversified portfolio especially with stocks and cryptocurrencies offers some protection, serving as a hedge amid volatility. Both long- and short-term trading strategies can help manage risks, providing stability as markets adjust. I have managed to grow a nest egg of around 130k to a decent 732k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.....