r/CryptoCurrency • u/WineMakerBg Make Wine, Take Profits • Jan 28 '25

GENERAL-NEWS Latest Proposal• US Gov to Buy 200,000 BTC annually for 5 years • Hold for at least 20 years • Goal: Halve the U.S. national debt in 20 years

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103

u/Zettabite 🟦 0 / 0 🦠 Jan 28 '25

You're forgetting the deficit. current 1.83T/year and it will likely keep going up y/y. So by 2045 36 million per coin...

263

u/Meme_Stock_Degen 🟩 0 / 0 🦠 Jan 28 '25

US gov has the same get rich plan as crypto bros lol

25

u/Zettabite 🟦 0 / 0 🦠 Jan 28 '25

Except they can print more money and make up new tarrifs to fund their stacking efforts. Then they tell the world they are doing it with a SBR and game theory kicks in and inflates their wealth. Which they can then use Saylors method to borrow against it to buy more.

The question I cant quite figure out, if the US inflates their dollar but backs it with BTC, would that cause every other currency to also inflate against the dollar?

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u/Meme_Stock_Degen 🟩 0 / 0 🦠 Jan 28 '25

Are other historical empires stupid? Why didn’t they just print more money?

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u/Weary-Bookkeeper-375 0 / 0 🦠 Jan 28 '25

It was the debasing of money that collapsed about every other empire. The Romans didn't print their collapse but rather added copper or tin to their silver or gold coins

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u/shadowsreturn 🟩 0 / 0 🦠 Jan 29 '25

Ok at the moment not feeling very positive about the fact that the orange eurocoins are filled up with iron

-7

u/Obsidianram 🟩 0 / 4K 🦠 Jan 29 '25

The Romans fell into drunkenness, debauchery and allowing illegal aliens in freely which led to their demise...wait, that sounds familiar...

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u/Toaster_Douglas 🟧 0 / 0 🦠 Jan 29 '25

And now they run the White House

2

u/Obsidianram 🟩 0 / 4K 🦠 Jan 29 '25

No. They were just kicked out of the White House. In fact, refer to the brooch that Pelosi loves to wear, which is a Roman Mace of the Republic brooch...

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u/TheHungoverBand 🟩 0 / 0 🦠 Jan 29 '25

Ah! So it WAS a Roman salute... thanks for clearing that up. Hahahaha

-1

u/Toaster_Douglas 🟧 0 / 0 🦠 Jan 29 '25

What does China and Russia running the White House have to do with the a Roman Salute?

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u/TheHungoverBand 🟩 0 / 0 🦠 Jan 29 '25

Hey sorry, was a complex joke attemp referencing the comment above regarding the fall of the Roman empire, and the debacle of Elon Gobbles giving the seig and Reps trying to shanewash it away.

10

u/Zettabite 🟦 0 / 0 🦠 Jan 28 '25

Pretty sure they did, and it didnt end well. BTC being capped at 21m might change the outcome.. maybe not.

1

u/e_jey 🟩 0 / 0 🦠 Jan 28 '25

Zimbabwe thought it was a genius plan

7

u/moop44 🟦 0 / 0 🦠 Jan 28 '25

Last Trump term pushed de-dollarization on a lot of countries that were on the fence.

This term will push it further. The US Government is taking steps to step down from being the standard reserve currency.

1

u/Spare-Abrocoma-4487 🟩 0 / 0 🦠 Jan 29 '25

No all the other countries will print more to keep the exchange rate low to stay export competitive.

1

u/TomorrowLow5092 🟩 0 / 0 🦠 Feb 01 '25

shhhhh

2

u/Crewmember169 🟩 0 / 0 🦠 Jan 29 '25

You apparently haven't been paying attention... as of January 20th the crypto bros ARE the government.

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u/Meme_Stock_Degen 🟩 0 / 0 🦠 Jan 29 '25

Honestly I’ll take it over the emperor bonds. Where is our 80/20 VOO/VXUS hero 😭 next election….

1

u/BlazeDemBeatz 🟦 0 / 21K 🦠 Jan 28 '25

Lol

1

u/No-Consideration-716 🟩 0 / 0 🦠 Jan 28 '25

That's because the crypto bros are running the country now.

0

u/Klumber 🟦 0 / 0 🦠 Jan 28 '25

Hmmmmm.... I wonder which unofficial member of the round table thought of that? Could be someone with a history of... I don't know? Inflating DOGE coins?

0

u/PuzzleheadedWeb9876 🟩 261 / 262 🦞 Jan 29 '25

Just when you think the current administration couldn’t get any dumber.

2

u/marxmedic 🟨 0 / 0 🦠 Jan 29 '25

the deficit is fake.

1

u/Cptn_BenjaminWillard 🟩 4K / 4K 🐢 Jan 28 '25

They'll cover that with BTC's new and improved upcoming staking rewards. Because Donald said that the BTC Foundation needs to improve BTC.

1

u/therealbman 🟩 18 / 19 🦐 Jan 29 '25

That’s a fucking McGuffin. Buying bitcoin and the national debt have nothing to do with each other. We could pay off the debt fine if not for Republicans who refuse to pay it off so they can have a campaign issue to wail about.