I just watched a video that claimed that the proposed BTC strategic reserve is really a land grab for federally owned land. The video didn’t do a good job of explaining anything so I’m now looking for an in depth explanation of the theory. Got any links?
I’m not sure exactly what you’re talking about. I have heard people such as Michael Saylor compare a potential strategic bitcoin reserve to when the United States made large land purchases in the past such as Alaska or the Louisiana purchase. Maybe that what they meant just an analogy, not a literal thing.
Here’s a link to the video. The guy is claiming that the plan is to buy BTC then inflate the price then sell it to buy land. It insinuates that the land in question is currently owned by the government. It also says that in the past there was a loophole that allowed you to sell securities/etc and be exempt from capital gains taxes if you purchased land with the proceeds. It’s speculated in the video that that loophole might come back in the future. There is also a book reference in the video but the amazon description only mentions BTC history and bitcoin cash.
I cannot be sure of the purpose of the BTC reserve but I have to say that every country that does not have a BTC reserve or is not planning on making one will be so behind the others in the span of 10-15 years from now.