> It'll rise to $20 trillion without U.S. government buying it because we're still in very early days of Bitcoin adoption.
That is the bail out. On the long term the value of bitcoin is negative because you need to keep the computers representing it running, and there is no inherent demand beyond "it might be possible to exchange it for more fiat currency - that I can use to pay taxes and buy food and shelter - in the future".
The only way to guarantee it has value is government backing because governments can tax and thus they can manufacture demand for stores of value of their choosing.
This strategic reserve is the bailout. It's the pay off. It's making the tax payers the bag holders. It's so incredibly transparent.
That is the bail out. On the long term the value of bitcoin is negative because you need to keep the computers representing it running, and there is no inherent demand beyond "it might be possible to exchange it for more fiat currency - that I can use to pay taxes and buy food and shelter - in the future".
The only way to guarantee it has value is government backing because governments can tax and thus they can manufacture demand for stores of value of their choosing.
This strategic reserve is the bailout. It's the pay off. It's making the tax payers the bag holders. It's so incredibly transparent.