PDF of the report from the Bitcoin Policy Institute: https://cdn.prod.website-files.com/627aa615676bdd1d47ec97d4/...

Amazing. A direct transfer of wealth from taxpayers to Bitcoin holders, with the US government left holding the worthless bag when the crash comes.

Ordinarily, one stockpiles materials that have a long lead time to procure, for whatever reason, so that in an emergency, the stockpile buffers any shortages. What properties of Bitcoin fit the need to stockpile?

This is a scam, pure and simple.

Which should be surprising to nobody, but unfortunately will be to many.

You have to hand it to the bitcoiners - it really is some scam. It started out at <$0.01/BTC, and just keeps growing. 16 years later, it's at >$100,000.00/BTC and showing no sign of slowing down. How they manage to trick more and more people over time like this is something else - now even the US president is falling for it. It's like some kind of stupidity virus sweeping the earth.

President is not falling for it but sees a quick an easy way to make a ton of money. He literally doesn’t (and never in his entire life) care about anything else