What are the Tax Payer Neutral Sovereign Bitcoin Reserve Buying Options?
Considering the SBR stated the following:
“The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.”
I’ve tried listing below some of those budget neutral options to help sell the bitcoin purchases to the public as non tax payer funded buys:
Using some of the existing 39 billion dollars of emergency financial funds … AKA the Exchange Stabilization Fund (ESF) which is a financial tool at the disposal of the U.S. Department of the Treasury. It could be utilized to establish a Strategic Bitcoin Reserve (SBR) through executive action, without the need for congressional approval
Seizing (stealing) more bitcoin including those holdings from people trying to use it to evade taxes
Accepting government payments/fines/taxes in Bitcoin
“Printing” money to buy Bitcoin would presumably not cost the tax payer (well directly anyway!)
Mining bitcoin with excess unutilised energy sources like Bhutan have been doing
Selling other confiscated assets from crime (crypto and non crypto) for bitcoin
Revaluing or swapping the existing gold stockpile for some digital gold
I’m sure there might be other ways for them to get more BTC without directly buying with tax payers funds… the fact they have actively pledged to do this and seem to have the personnel in charge who are motivated and from a crypto perspective pretty competent, qualified and experienced to do so is really bullish for the longer term bigger macro picture.
What other methods could they use for tax payer neutral bitcoin acquisition ….
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