Xatolos@reddthat.com to Technology@lemmy.worldEnglish · 5 months agoTexas House introduces bill to establish a strategic bitcoin reservewww.cnbc.comexternal-linkmessage-square55fedilinkarrow-up1205arrow-down110cross-posted to: politics@lemmy.world
arrow-up1195arrow-down1external-linkTexas House introduces bill to establish a strategic bitcoin reservewww.cnbc.comXatolos@reddthat.com to Technology@lemmy.worldEnglish · 5 months agomessage-square55fedilinkcross-posted to: politics@lemmy.world
minus-squareKokesh@lemmy.worldlinkfedilinkEnglisharrow-up68arrow-down1·5 months agoSo in other words invest government money and taxpayer looses everything once the price plummets. Well done!
minus-squareDead_or_Alive@lemmy.worldlinkfedilinkEnglisharrow-up12·edit-25 months agoBeen done in El Salvador. This is going to be a grift on the US tax payer of EPIC proportions. https://www.bloomberglinea.com/english/el-salvador-loses-50-of-its-bitcoin-investments-due-to-crypto-collapse/
minus-squareNotSteve_@lemmy.calinkfedilinkEnglisharrow-up3·5 months agoDamn as much as I hate crypto, I hope El Salvador held onto that rather than selling on the drop
minus-squareDead_or_Alive@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down1·5 months agoWe are on the tail end of the crypto grift. Getting the largest country on earth to invest in Crypto is basically the last gasp before the bubble deflates and cleans all the suckers out.
minus-squareNotSteve_@lemmy.calinkfedilinkEnglisharrow-up4·5 months agoTotally agree with you. I just figure if they bought at like $40k, selling at $20k when it’s now at like $100k would have sucked haha.
So in other words invest government money and taxpayer looses everything once the price plummets. Well done!
Been done in El Salvador. This is going to be a grift on the US tax payer of EPIC proportions.
https://www.bloomberglinea.com/english/el-salvador-loses-50-of-its-bitcoin-investments-due-to-crypto-collapse/
Damn as much as I hate crypto, I hope El Salvador held onto that rather than selling on the drop
We are on the tail end of the crypto grift. Getting the largest country on earth to invest in Crypto is basically the last gasp before the bubble deflates and cleans all the suckers out.
Totally agree with you. I just figure if they bought at like $40k, selling at $20k when it’s now at like $100k would have sucked haha.