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Comment on Bitcoin hits $100,000 for first time

riplin@lemm.ee ⁨1⁩ ⁨month⁩ ago

I’m curious about what, exactly, America will do with a strategic reserve of Bitcoins

The same thing they do with their strategic gold reserves.

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DragonTypeWyvern@midwest.social ⁨1⁩ ⁨month⁩ ago
Nothing?

source
- riplin@lemm.ee ⁨1⁩ ⁨month⁩ ago
  
  Under the currency reforms enacted by Roosevelt, the federal government owns the gold and holds it as security for $11 billion in gold certificates issued, in book-entry form, to the Federal Reserve Banks. The Federal Reserve Banks use these certificates as a small fraction of the collateral for Federal Reserve Notes.
  
  …wikipedia.org/…/United_States_Bullion_Depository
  
  source