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Howdy!
Shortly after the election we began to get word that Tennessee legislators, and we assume legislators from across the country, were being inundated with emails with subject lines like “start a Bitcoin strategic reserve”, “manage a Bitcoin strategic reserve”, “propose a Bitcoin strategic reserve” and so on.
We are watching what appears to be a significant “astroturf” campaign to persuade the federal and state governments to begin significant Bitcoin (BTC) buying programs using taxpayers’ money and funds borrowed with ever-expanding debt to fund BTC to be held on government balance sheets. This will solve a major problem faced by the Bitcoin billionaires—how to liquify their holdings in a market that is not sufficiently broad and deep to allow them an exit during a major pump. Catherine goes more into this here.
In a book review earlier this month on the book “Hijacking Bitcoin” by Robert Ver, Catherine wrote, “Ver tells the history of Bitcoin. The book is beautifully written—the descriptions of both tech and economic issues are clear and accessible to the lay reader. The descriptions and stories are calm and measured. This is a mature, intelligent assessment that will allow you to understand how Bitcoin started, how it developed and grew, and ultimately, how it has been hijacked.” You can read her full review here.
You work hard for your money. If you want to speculate in Bitcoin, this is entirely your business. However, no government should tax its citizens to fund speculative markets or a financial control grid. Not now, not ever.
In freedom,
The Solari Team |
