Simply Bitcoin They’re Not Buying Bitcoin… THEY’RE TAKING IT? | Beyond Bitcoin
Aug 17, 2025
The U.S. Treasury's plans for amassing a Strategic Bitcoin Reserve focus on seizures rather than purchases, reminiscent of historical gold confiscation. This raises significant concerns about ownership and governmental control over cryptocurrency. The discussion highlights the dangers of government interventions, emphasizing the critical need for self-custody to safeguard assets. The risks of holding Bitcoin on exchanges are also explored, advocating for the importance of secure storage solutions to protect personal investments.
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Digital Fort Knox Hope And Reality
- Many Bitcoiners hoped a pro-crypto administration would buy Bitcoin like a strategic reserve.
- That expectation led to talk of a 'digital Fort Knox' that Treasury publicly dismissed.
Government Reserve From Seized Bitcoin
- The U.S. Treasury plans a Bitcoin strategic reserve built from confiscated coins rather than open-market purchases.
- This approach avoids pushing market prices while enlarging government holdings at zero purchase cost.
History Shows Asset Confiscation Works
- Historical precedents show governments can and have seized hard assets to gain monetary control.
- Examples include FDR's 1933 gold confiscation and Nixon's 1971 removal of dollar convertibility to gold.