Damus
StackSats.IO · 46w
In this hypothetical, gold is going to be revalued X higher. It’s $22 Trillion now. The corporate balance sheets with the most Bitcoin on them are US companies. They exist at the pleasure of the U...
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Not sure what that has to do with it? Those are global companies and they are actively ditching the dollar.
So they owning btc has no effect on us treasury or does it? If they piled into Japanese yen, would that mean the US treasury would be as valuable as Japan? Not really, right?
Sure US gov could go full on communism and seize all their assets but that would result in tea party revolution 2.0.

Genuinely asking tho, not trying to be annoying ☺️☺️☺️
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StackSats.IO · 46w
Yeah sorry, my reply got sent before finishing. $22 Trillion in gold now at $3300/oz. Revaluation is going to be some multiple on that - 2X to maybe? 5X. I’ve heard 10X thrown around but I don’t know. That’s getting you to $44T-$110T market cap but remember the US has, theoretically, ~5% of ...