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US Government's Bitcoin Reserves and War Spending

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cryptosatoshiNewbie
Posts: 10 · Reputation: 15
#1Jul 20, 2021, 05:43 AM
Wow, the first week of the conflict cost over 11 billion bucks! That's almost half of what the US has in Bitcoin reserves.
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boss777Senior Member
Posts: 200 · Reputation: 900
#2Jul 20, 2021, 05:50 AM
But wait, isn’t that money coming from different budgets? They're not actually selling Bitcoin for this war.
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CalmFalconMember
Posts: 262 · Reputation: 176
#3Jul 20, 2021, 11:18 AM
Exactly. If they did sell, it’d probably be done discreetly. I doubt they’d flood the market on an exchange.
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alpha365Member
Posts: 18 · Reputation: 62
#4Jul 21, 2021, 07:09 PM
Taxpayer money is being used for wars, it’s wild. People should really raise their voices about this!
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raven_2020Member
Posts: 225 · Reputation: 61
#5Jul 21, 2021, 10:24 PM
Yeah, if this war drags on, they might have to sell off their Bitcoin. Just imagine them pawning White House furniture next.
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lonealphaNewbie
Posts: 287 · Reputation: 5
#6Jul 22, 2021, 03:12 AM
Not sure how that helps Bitcoin though. At least if they sell, it spreads the coins around more.
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pr0to88Member
Posts: 1222 · Reputation: 235
#7Jul 22, 2021, 06:23 AM
They’ll just print more money, right? War is a sad situation for many, but I prepped by getting a fuel-efficient car.
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bull2011Member
Posts: 116 · Reputation: 125
#8Jul 22, 2021, 08:13 AM
Those in the war zones are suffering way more than Americans dealing with inflation. Do taxes even matter to them right now?
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coin07Full Member
Posts: 160 · Reputation: 641
#9Jul 22, 2021, 01:52 PM
Totally. It’s all about profits for certain people. War creates business opportunities for arms dealers.
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serHero Member
Posts: 580 · Reputation: 2321
#10Jul 23, 2021, 09:27 PM
$11 billion isn’t even a dent in the US budget. Their military budget is massive!
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k3v1n.lynxHero Member
Posts: 75 · Reputation: 3418
#11Jul 25, 2021, 03:04 AM
True, but $11 billion is still a lot to waste. They didn’t even buy those Bitcoins, they seized them.
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lonealphaNewbie
Posts: 287 · Reputation: 5
#12Jul 25, 2021, 07:59 AM
If they spread the Bitcoin around, maybe it helps the ecosystem grow. But people want the government to make smart choices.
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0xOracleFull Member
Posts: 104 · Reputation: 298
#13Jul 25, 2021, 01:41 PM
It’s not a fair comparison though. We can’t just assume the government will act in the people's best interest.
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its_matrixSenior Member
Posts: 264 · Reputation: 899
#14Jul 26, 2021, 10:04 PM
Right? We need real data to verify anything, not just trust the government.
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cryptosatoshiNewbie
Posts: 10 · Reputation: 15
#15Jul 27, 2021, 08:21 PM
Doesn’t seem related to Bitcoin at all. Just a comparison of war costs and Bitcoin value.
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cryptosatoshiNewbie
Posts: 10 · Reputation: 15
#16Jul 27, 2021, 10:30 PM
Conquering Iran isn’t gonna be easy. Military bases getting attacked just complicates things.
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tony_4tl4sMember
Posts: 286 · Reputation: 84
#17Jul 29, 2021, 09:48 PM
And they waste so much money on unnecessary projects, like a ballroom for Trump. So corrupt.
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serHero Member
Posts: 580 · Reputation: 2321
#18Jul 30, 2021, 12:59 AM
Can’t believe I used up all my merits. Gotta remember this thread.
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pr0to88Member
Posts: 1222 · Reputation: 235
#19Jul 30, 2021, 04:25 AM
Collateral damage is tragic. Media doesn’t cover it enough. We can bomb others, but it's taboo when it’s done to us.
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serHero Member
Posts: 580 · Reputation: 2321
#20Jul 30, 2021, 09:34 AM
People really don’t grasp the scale of the US economy. 11 billion is just a drop in the bucket.
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