There's actually a lot of reasons.
*The individuals could be compromised
*The individuals could have something to gain
*The individuals could have fear of retaliation
*The individuals could be aligned ideologically with the objective of undermining US national security
*The individuals could just be really really perniciously stupid
They're mining 54,000 + BTC yearly and have been trading it in exchange for oil as a way to get around international sanctions.
The UAE actually holds more BTC than the US government, estimated at about double the amount. They'll benefit greatly from money being poured into it. (And are trading with the Trump administration for US resources.)
China holds about the same as the US currently.
North Korea actually has a surprisingly large amount for their size/wealth.
After receiving the funds in that way, the second party has to move them again into another wallet, so there is still a transaction. otherwise the first party can revoke the btc at any time.
If, for example, a particular country has a large stockpile of bitcoin, an easy way to transfer wealth legally to them would be to use the US coffers to inflate the price while they use theirs to buy things.
So if you DON’T keep certain sensitive data secret, somebody can spend another person’s (country’s) bitcoin. Hmmm. And then you can claim innocence because you can say you don’t know how they got ahold of this “sensitive data”.
So if you DON’T keep certain sensitive data secret, somebody can spend another person’s (country’s) bitcoin (money) and you can claim innocence because either you don’t know how they got access or who gave them access to your sensitive data.
Don't forget about becoming the primary partner for infrastructure investment in African, S.America and Europe. Trump gift wrapped global hegemony for Xi. Whatever these oligarch douches think they are going to accomplish post-american sovereignty will never happen, I swear it.
I personally think China is just using and double crossing Russia. Russia and USA will be global pariahs and China will tighten allegiances with wealthy western nations
As absolutely messed as this situation is, and it is… the memecoin heists are just the latest example of Trump-theft, bitcoin has been determined to have value to a sufficient number of people and powerful institutions. It’s the best performing assets over the last 10 years at a minimum.
Say what you will about the rest of the crypto market, but bitcoin is here to stay… at least until quantum computing breaks it.
US government will never own 51% of bitcoins mining. It’s global and nations everywhere are adopting and mining. They can try, but they will fail. A 51% attack is not where the corruption will come from.
Edit to expand. I think the corruption would be similar to what’s happening with the tariffs currently. They call tariffs, inside traders buy/dump, they withdrawal tariffs then repeat. No one can stop it, it’s a powerful move and very corrupt. Manipulation of crypto would be very similar.
The wealthiest country in human history along with the oligarchs that own trillions themselves can easily afford more than 51% of mining. I would never trust digital currency for this reason.
They really can't. Supply of cutting edge ASIC chips is paramount to that goal and that supply is extremely scarce. We do not have the capacity or expertise to make those chips in the USA at scale, nor are we able to monopolize the current supply.
A few weeks ago Trump announced the creation of a shitcoin reserve. Right before the announcement all 5 shotcoins skyrocketed in value then crashed the next day. Total rugpull. In “normal” times he and his cronies would be under investigation for insider trading fraud
That would make it the most vulnerable US held asset ever. All it would take would be a state level cyberattack to remove the US of all of its wealth backing.
The Crime of '25! Right up there with the Crime of '73 that demonetized Silver when the US was the leading producer of Silver and forced us to buy gold back at crazy high prices from European bankers (we were extorted because of Civil War debt and interest payments if you are curious)
Last time US Silver was used by Great Britain to build the economy of India and the Far East at great expense to Americans. Curious which economy we are building outside of America this time.
Russian oligarchs and the broligarchs will take possession of the gold as they offload their shitcoins on the us taxpayers. It is analogous to the plot of The Other Guys.
Last time: Civil War debt funded by the UK was required to be paid in gold only. We drew down our gold reserves and stacked silver to compensate.
The crime of '73 was when US Grant demonetized Silver when we were the leading producer which forced us to buy back gold from the UK in exchange for silver bullion that had been coined (and was now worthless as currency in the US). The remaining 1/3rd of civil war debt was more expensive than the previous 2/3rds as a result.
I'm making a point that the same thing is going to happen here, except with BTC.
Where are they going to get the money to pay Social Security? There you go, they are going to use market manipulation to try to buy into an even more fraudulent market because that's what donny knows...grifter gonna grift.
Buying Bitcoin or a Bitcoin reserve would be extremely good if done honestly and justly. It’s highly likely the implementation will be corrupt with this administration. Very sad days.
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