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Texas House introduces bill to establish a strategic bitcoin reserve(www.cnbc.com)

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Dead_or_Alive@lemmy.world
12 points
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Been done in El Salvador. This is going to be a grift on the US tax payer of EPIC proportions.

https://www.bloomberglinea.com/english/el-salvador-loses-50-of-its-bitcoin-investments-due-to-crypto-collapse/

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NotSteve_@lemmy.ca
3 points

Damn as much as I hate crypto, I hope El Salvador held onto that rather than selling on the drop

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Dead_or_Alive@lemmy.world
4 points

We are on the tail end of the crypto grift. Getting the largest country on earth to invest in Crypto is basically the last gasp before the bubble deflates and cleans all the suckers out.

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NotSteve_@lemmy.ca
4 points

Totally agree with you. I just figure if they bought at like $40k, selling at $20k when it’s now at like $100k would have sucked haha.

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