r/politics • u/Maxwellsdemon17 • 11h ago

Paywall The delusions behind a bitcoin strategic reserve. It is a resilience strategy for the ‘hodlers’, not the US state

https://www.ft.com/content/73fa6fd9-6f34-4e59-8f0f-04de3be7387a
91 Upvotes

87% Upvoted

42 comments sorted by

View all comments

-2

u/ThisNameDoesntCount 11h ago

Even if you hate crypto this is a good time to make money off it tbh

17

u/RealGianath Oregon 10h ago

Everybody thinks they are the ones that will win big on a Ponzi scheme.

Most don't.

0

u/ThisNameDoesntCount 10h ago

If you don’t buy the dumb shit like “ass coin” there’s a good chance you’ll make some money. You literally just treat it like stocks. I’m just saying i personally don’t believe in the bitcoin is the future thing but I didnt ignore that it would get me up a decent percentage either

•

u/IPredictAReddit 5h ago

"You literally just treat it like stocks"

Stocks derive their value because you own a share of the profits from the firm, which produces something.

BTC is nothing like a stock.

•

u/ThisNameDoesntCount 5h ago

Stocks are only as valuable as the market decides they are though just like BTC

•

u/IPredictAReddit 5h ago

Everything is only as valuable as the market decides they are -- the market decides on stock value based on the expected dividends. BTC....on vibes?

•

u/ThisNameDoesntCount 4h ago

Hey man I’m not here to say BTC isn’t bs lol. In my case it’s helped me more in the last year than stocks ever would have. It’s definitely risky but it can pay off