It’s a money laundering operation in plain sight.
Don’t forget a side of market manipulation.
Crypto can be manipulated hard with a huge amount of capital, so now he is just using the US tax dollars to manipulate crypto currencies.
Yes this is the world we live in.
Can someone explain the how to a stupid person like me? I fully believe it but I want to know how it works
- Buy coins privately
- Force government to buy tons of coins, making prices go up
- Sell personal coins, dropping prices and make government spend even more
- Repeat as needed
Makes sense. Thank you.
I’m assuming the web site is pumpanddump.gov ?
Strategic for what? When would the government ever say “Damn… we must have Bitcoin now!”?
Strategic for pump and dumps, of course! That’s Musk’s area of expertise after all
Strategic for paying hackers in ransomware attacks, since we seem to have taken all of our defenses down
So Vlad can offload some of his stockpile.
The ultimate money laundering scam.
So let me guess. Coming on the heels of, “Elon Musk should check Fort Knox to see if the gold is really there”, the next step would be a 1:1 “trade” of bitcoin for actual, tangible gold - which will be hidden away in a certain Mar-a-Lago basement. Remember you read it here first.
Not quite. The EO says the reserve can only be added to by seizures from crimes and civil forfeiture. They can’t buy to add to it. And that it can be sold primarily for finding law enforcement.
Buuuuuuut, you know what that means? The ultra shady civil forfeiture practice that cops love just got a little more spicy! Any wallet a cop can access becomes theirs!
Digitized Civil Asset Forfeiture
FTFY
which will be hidden away in a certain Mar-a-Lago
basementbathroom.
I thought the draw of crypto was that it wasn’t backed by a central government? What’s the point if the government has price manipulation power anyway?
And immediately after it took a nose dive, recovered slightly, and then started trending down like it has been for the last two months. Super strategic.
Why not a strategic Beanie Baby reserve?
Because pet rocks offer much more stable value, duh.
This is the dumbest timeline
Any bets on how long it’ll take for that money to get stolen?
it’ll be an inside job.
They should call trump the Supertanker: everything he touches tanks. BTC is gonna be worth as much as trump steaks in a year.
It will have served its purpose by then. Scumbag & Co. will have already sold off their holdings that they acquired before this scam took affect, literally stealing our tax money.
This is literally just them forcing us to pump the price of BTC so they can sell high and then who fucking cares what happens next, they already got theirs…
For the twentieth time this month, siiiiiigh
Lol America is so done for if they continue to let all this shit happen.
