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News@lemmy.worldEnglish · 1 month ago

White House Says Gold Reserves May Be Used to Purchase Bitcoin

finance.yahoo.com

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White House Says Gold Reserves May Be Used to Purchase Bitcoin

finance.yahoo.com

Redditsux@lemmy.world to

News@lemmy.worldEnglish · 1 month ago

A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC). What Happened: Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, ...

cross-posted from: https://lemmy.bestiver.se/post/289657

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explodicle@sh.itjust.works
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1 month ago

limited resource

Gold can be created in supernovae and then found in asteroids.

There will only be 21 million bitcoins ever.
- Knock_Knock_Lemmy_In@lemmy.world
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  Who is going to fund the network security when the block reward is only 0.01 BTC?
  - explodicle@sh.itjust.works
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    1 month ago
    The purchasing power of a block reward used to be a lot lower than that!

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