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National Bitcoin Stockpiling: Because Nothing Says ‘Stable Economy’ Like Hoarding Digital Tokens That Will Probably Be Worth Less Than the Paper They’re Printed on by 2025

BitcoinCrypto NewsRegulation/Negotiation 2 Barry Thompson August 16, 2024

An illustration featuring an image of Uncle Sam holding a large stack of bitcoin tokens, while standing on top of a mountain range made up of stacks of worthless paper money; he is surrounded by clouds shaped like dollar signs and coins. In his other hand, he holds a shovel that digs into the ground revealing more mountains of worthless currency beneath him. The background features an image of a rising stock market graph with bitcoin tokens replacing traditional stocks on the chart.

The eternal optimism of Senator Bill Hagerty, still clinging onto the hope that cryptocurrency might one day become more than just a playground for speculators and scammers. A national bitcoin stockpile? Are they kidding me? This is like trying to preserve dinosaur fossils in a museum while ignoring the fact that these creatures are long extinct

Source: bitcoin.com

US Senator Discusses Trump's Bitcoin Plan and National BTC Stockpile
https://news.bitcoin.com/us-senator-discusses-trumps-bitcoin-plan-and-national-btc-stockpile
U.S. Senator Bill Hagerty has discussed former President Donald Trump’s bitcoin plan, which includes creating a national bitcoin stockpile. The lawmaker expects to see several legislative proposals beyond what Trump announced. He believes this move will establish credibility for the currency and demonstrate national support for it. U.S. Senator Bill Hagerty (R-TN), a member of the Senate Banking and Foreign Relations Committees, discussed former U.S. President Donald Trump’s bitcoin promises, […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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