Anthony Pompliano, CEO of Professional Capital Management, discusses the possibility for the U.S. government to maintain a strategic stockpile of bitcoin. Plus, why it is not mathematically possible to obtain 4 million bitcoin as RFK Jr. proposed.
Well, the United States already has, you know, 210,000 Bitcoin give or take uh in its possession had many more, you know, over the years. But uh they kind of um you know, strategy has been to sell that and get cash. And so, you know, does the US government hold Bitcoin today? Yes. Is it a strategic stockpile? I don't think that's how they view it. Um But I do think that, you know, I don't know over the next 1015 years, uh for sure, the United States will have some Bitcoin uh on its balance sheet or kind of in a strategic stockpile. I think the question really just becomes, you know, how aggressive are we in that? Uh And then also as possible, you know, obviously RFK came out and said that the United States should buy 4 million Bitcoin. I don't think that's mathematically possible given how illiquid the market is the trend of that illiquidity and then also the amount of capital that would be needed in order to buy that Bitcoin over, you know, call it a 1520 year period. Um It just would become, you know, very difficult to see a world where we could spend that much money to do it. And so it is more like that, you know, it is a smaller number but something that I definitely think will occur at some point.
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