PebHmong Discussion Forum

General Category => General Discussion => Topic started by: theking on December 10, 2024, 11:36:34 PM

Title: Don't think Biden will sell the Bitcoins Peter, wishful thinking?
Post by: theking on December 10, 2024, 11:36:34 PM

Peter Schiff Advises Biden To Do One 'Good Thing' Before His Term Ends: 'Sell All The Bitcoin' Held By The US

Influential economist Peter Schiff suggested on Monday that President Joe Biden sell all of the U.S.-owned Bitcoin (CRYPTO: BTC) before leaving office to help reduce the country’s ballooning budget deficit.

What happened: Schiff advised Biden via an X post, deeming it the “one good thing” the outgoing president can do before clearing the way for a Donald Trump tenure.

Title: Re: Don't think Biden will sell the Bitcoins Peter, wishful thinking?
Post by: theking on December 11, 2024, 11:00:21 PM

That's quite a bit of coins for sho:

Quote

The US currently holds roughly 207,000 bitcoin, which the BITCOIN Act mandates be transferred to the Treasury and held as part of the strategic reserve.