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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31

u/Misher7 🟦 0 / 0 🦠 Jan 29 '25

This is honestly the dumbest shit I’ve ever heard. These people clearly don’t understand how sovereign debt works.

13

u/BrandeisBrief 🟩 0 / 0 🦠 Jan 29 '25 edited Jan 29 '25

Not only sovereign debt but even if it magically skyrocketed in value that much, how is the government going to exit its $9 trillion in btc position?

7

u/Misher7 🟦 0 / 0 🦠 Jan 29 '25

Idiocracy

1

u/WrongStop2322 🟩 0 / 0 🦠 Jan 29 '25

They will probably have to start selling it in chunks before hand and sell the last lot in 2045 sometime or they'll start selling it in chunks from 2045 onwards.

1

u/MathematicianEven251 🟩 0 / 0 🦠 Jan 29 '25

No, the SBR proposed to buy 250k btc every year until 1 million btc. Hold for 20 years and then after 20 years the max they could sale is 3% a year (not sure about the 3 or 10 percent)

1

u/a11mylove 0 / 0 🦠 Jan 30 '25

They just click the sell button in Coinbase and that’s it!

1

u/killrmeemstr 🟦 0 / 0 🦠 Jan 29 '25

exactly because it's dumb as fuck I actually expect BTC to go up lmao