A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC). What Happened: Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, ...
    • pixxelkick@lemmy.world
      22·
      3 months ago

      That’s probably a better way to put it yeah.

      And as fucked as it is, it is a fact that this does hold value and is backed by it.

      It’s just a pretty shit thing to be backed by ethically.

      But nonetheless, there is value in bitcoin, it’s just best we don’t encourage further investment in such a thing.