[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Eating “People’s Feed”, Ordering Takeout on Installments—Many in China Are Really Close to Starving Toxic Fallout: NC Lawmakers Face Fire Over Monsanto 'Get-Out-Of-Jail-Free' Provision Feminists Are Begging For Men To Come Back But Still Blame Them For Everything $5.5TN In Balance Sheet Capacity Unlocked: Assessing The Impact Of SLR Changes For Big Banks 11 Signs That The Entire Country Is Facing Enormous Economic Challenges Right Now Israel used depleted uranium bombs in Iran strikes: Netanyahu halts aid to northern Gaza in bid to protect govt coalition This is why Israel agreed to the ceasefire After a Year-and-a-Half of Public Beatings, Caitlin Clark May Be Finished Photos show damage in Haifa and Tel Aviv from Iranian missiles RFK Jr and Joe Scarborough — “WeÂ’re going to find out Thimerosal (mercury) causes Autism” Women, Do NOT Go To India! Wall Street Panics As Socialist Set To Take Over New York, REITs Tumble At The Idiocy Of It All "Israel doesn't have much time left and they are out of money" Col. Douglas Macgregor I got banned on X for a week DEMOCRAT INSURRECTION IN PROGRESS Joe Rogan Takes Down Bernie Sanders on Climate Change and Higher Taxes Gold: Germany (and Now Italy) Want $245 Billion Back Enough is enough. You can’t monetize exercise and diet…this institution is ridiculous. US Went Beyond Its Proxy War Against Iran Jewish Tourist Viciously Assaulted Muslim Toddler in Moscow Thousands of Israelis 'flood' into Sinai desert raising alert level in Egypt Harvard-linked study finds Israel ‘disappeared’ nearly 400,000 Palestinians in Gaza, half of them children: Harvard-linked study finds Israel ‘disappeared’ nearly 400,000 Palestinians in Gaza, half of them children: ‘No survivors’: Israeli media reveals details on latest Hamas ambush in Gaza Africa is tearing in HALF: Scientists detect deep Earth pulses beneath Ethiopia Russian Geran-2 drones now hunt heat targets in night strikes Mercury in High Fructose Corn Syrup JFK's Words. AIPAC's Deeds

World News
See other World News Articles

Title: STEVE HANKE: A US BITCOIN STRATEGIC RESERVE = A STUPID IDEA.
Source: [None]
URL Source: https://citizenwatchreport.com/stev ... rategic-reserve-a-stupid-idea/
Published: Jan 7, 2025
Author: Horse
Post Date: 2025-01-07 20:36:16 by Horse
Keywords: None
Views: 612
Comments: 4

Steve Hanke @steve_hanke

A US BITCOIN STRATEGIC RESERVE = A STUPID IDEA.

Savings funneled into Bitcoin aren't building factories, creating jobs, or driving innovation.

https://twitter.com/i/status/1876297676842557734

Post Comment   Private Reply   Ignore Thread  

#1. To: Horse (#0)

???..... The exact same reasoning would say not to invest in gold or silver.

Pinguinite  posted on  2025-01-08   8:51:49 ET  Reply   Trace   Private Reply  

Gold and silver have been money for more than 6,000 years. Bitcoin has not.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2025-01-08   11:08:33 ET  Reply   Trace   Private Reply  

Gold and silver have been money for more than 6,000 years. Bitcoin has not.

The_Rock  posted on  2025-01-08   11:31:36 ET  (1 image) Reply   Trace   Private Reply  

The timelessness of metals was in no way part of his reasoning for rejecting the idea. It was simply based on the theory that if you hold bitcoin, no one can use the held bitcoin to do anything constructive. Seems he's comparing this to putting money in a savings account which allows the bank to loan it back out (15-20x over) to help the economy that way. THAT is his problem with bitcoin investments.

Pinguinite  posted on  2025-01-08   12:15:10 ET  Reply   Trace   Private Reply  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]