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The Galaxy Brains of the Trump White House Want to Use Tariffs to Buy Bitcoin (theintercept.com)

submitted 1 week ago by [email protected] to c/[email protected]

49 comments fedilink hide all child comments

IF DONALD TRUMP’S sweeping global tariffs send household good prices soaring and drive the economy into recession, at least one industry could profit.

The Trump administration is considering using tariff revenues to buy Bitcoin for a “Strategic Bitcoin Reserve,” a top administration crypto official said in an interview last week.

The White House’s proposal is driving interest from crypto industry figures who have made building the reserve one of their top priorities.

It is uniting critics on the right and left, however, who have cast the reserve as a pointless industry giveaway that will come at the expense of ordinary taxpayers. Using tariff money would add insult to injury, they say.

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[–] [email protected] 23 points 1 week ago (8 children)

Right... So what happens is you dump money into it, the government then dumps money into it, you cash out, then the government is out money and you grain money... Assuming you have capital to fuck around with prior.

[–] [email protected] 3 points 1 week ago

GME ahead of the game somehow. Would be nice if we could benefit from the pump/dump.

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