That's a great idea on Vancouver's part. It will bring new tourists who like to travel via crypto. Good for them.
RE: Vancouver BC plans to be Bitcoin-friendly and hold a BTC reserve
You are viewing a single comment's thread from:
Vancouver BC plans to be Bitcoin-friendly and hold a BTC reserve
I'm sure it will have pros and cons... certainly interesting!
Interesting strategy to use Bitcoin to pay off all US debt outlined below...🖖
Bitcoin and the Future of Financial Freedom
Greg Reese
Dec 12, 2024
After Trump was elected, Bitcoin surged past 100,000 for the first time. Trump has said that he will somehow maintain USD dominance against the BRICS nations. And Michael Saylor has suggested a radical way to do this.
So the very simple idea is buy 20 or 25% of the Bitcoin network on behalf of the US government. catalyze the development of that world reserve capital network and then let all the Chinese and the Russians and the foreigners sell all their other assets and buy Bitcoin and then the money flows into the United States.
If you want to put a great twist on it, dump your gold, sell all the U.S. gold, buy Bitcoin, then the trade is free because you could buy five million Bitcoin for the cost of the gold. you will demonetize the entire gold asset class, and our enemies hold gold in their banks, so their assets would go to zero, our assets would go to $100 trillion, and we would control the world's reserve capital network as well as the world's reserve currency network.
This scheme could magically wipe away the current deficit, which Trump alluded to in the recent past. Who knows, maybe we'll pay off our $35 trillion, hand him a little crypto check, right? We'll hand him a little Bitcoin and wipe out our $35 trillion.