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this post was submitted on 14 Dec 2024
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politics
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Hmmm.
I wonder if they have certain expectations (read inside information) about the inevitable collapse of the USD that will coincidentally happen during the next presidency of the guy with ties to Russia and his VP who is backed by the dark-right silicon crypto bros.
Nah. That's crazy talk.
Edit:
Consider that Peter Thiel bankrolled JD Vance and that he, musk, zuck, et al have essentially established a technocratic state within the new admin. https://www.ft.com/content/408fb864-5831-4b1d-beef-fd1966b3beed
https://www.cbsnews.com/news/jd-vance-trump-vp-peter-thiel-billionaire/
https://washingtonspectator.org/peter-thiel-and-the-american-apocalypse/
~ Peter Thiel Zero to One https://archive.org/stream/zero-to-one-peter-thiel-and-blake-masters/Zero%20to%20One%20-%20Peter%20Thiel%20and%20Blake%20Masters_djvu.txt
~ Thiel The Education of a Libertarian https://www.cato-unbound.org/2009/04/13/peter-thiel/education-libertarian/
https://www.vanityfair.com/news/2023/08/musk-thiel-zuckerberg-andreessen-alternate-autocratic-reality
https://thehill.com/policy/cybersecurity/320592-palantir-helped-support-nsa-spy-program-xkeyscore-report/
https://newrepublic.com/article/183971/jd-vance-weird-terrifying-techno-authoritarian-ideas
And one final, very important thought:
https://cryptonews.com/news/new-report-suggests-billionaire-peter-thiel-connected-bitcoin-creator-satoshi-nakamoto-heres-what-you-need-know/
I mean it's almost certain the value of the dollar is going to tank and that the US is hit with at least a recession if not another depression if Donvict does even half the things he's said he will, but banking a bunch of bitcoin isn't going to help with that. Anything that tanks the dollar will likely tank the value of bitcoin as well. This reads more like a) idiots that don't understand bitcoin and b) an attempt to pump the price up so some of the more heavily invested techbros can exit the market before it tanks.
If they actually wanted to form a strategic reserve they should have picked something with inherent value like buying a bunch of lithium, Iridium, or just plain old gold (which is honestly one of the least valuable metals as it has very few actual uses outside of acting as a corrosion barrier).
Consider that Peter Thiel bankrolled JD Vance and that he, musk, zuck, et al have essentially established a technocratic state within the new admin. https://www.ft.com/content/408fb864-5831-4b1d-beef-fd1966b3beed
https://www.cbsnews.com/news/jd-vance-trump-vp-peter-thiel-billionaire/
https://washingtonspectator.org/peter-thiel-and-the-american-apocalypse/
~ Peter Thiel Zero to One https://archive.org/stream/zero-to-one-peter-thiel-and-blake-masters/Zero%20to%20One%20-%20Peter%20Thiel%20and%20Blake%20Masters_djvu.txt
~ Thiel The Education of a Libertarian https://www.cato-unbound.org/2009/04/13/peter-thiel/education-libertarian/
https://www.vanityfair.com/news/2023/08/musk-thiel-zuckerberg-andreessen-alternate-autocratic-reality
https://thehill.com/policy/cybersecurity/320592-palantir-helped-support-nsa-spy-program-xkeyscore-report/
https://newrepublic.com/article/183971/jd-vance-weird-terrifying-techno-authoritarian-ideas
Etc...
Yes. Yes it is.
Please see my edit. You may rethink your response
Google: set reminder for 2 years.