from Hacker News

Establishment of the Strategic Bitcoin Reserve and US Digital Asset Stockpile

by jackgavigan on 3/7/25, 7:19 AM with 7 comments

• by gnabgib on 3/7/25, 7:21 AM

  Small discussion (20 points, 6 hours ago, 6 comments) https://news.ycombinator.com/item?id=43286569

  Related Trump announces strategic crypto reserve including Bitcoin, Solana, XRP and more (51 points, 5 day sago, 14 comments) https://news.ycombinator.com/item?id=43233455

• by nabla9 on 3/7/25, 7:30 AM

  This is a good example of using big words without any meaning. Total crypto valuation is less than $200 billion with incredibly low liquidity (= the ease with which an asset, or security, can be converted into ready cash without affecting its market price).

  There is nothing strategic for holding digital assets. This is just cryptobro's getting rich.