According to the President’s own words, he is on track to give crypto exactly what it wants.
It’s a strategic crypto-reserve for the US government. It could be a reserve. There’s a difference.
All the information you need to know about X, for example, is available on X.
Same goes for those keen to moralize the implications of US government agencies accumulating coins other than bitcoin — perhaps even ones backed by funds and entities controlled by appointed officials like venture capitalist David Sacks.
I’m going down a different road. We’ll leave the US stockpile aside. The stockpile doesn’t yet exist.
The growing crypto-assets of World Liberty Fi – the DeFi Project endorsed and backed by the Trump Family – are visible onchain.
And because this is crypto — and it’s on Ethereum — we know exactly what it’s doing at all times, and whether it’s underwater or not.
World Liberty Fi bought more crypto after Trump’s Monday inauguration.
World Liberty Fi’s stockpile is treated as a separate fund in the chart below. Blue line plots its performance.
World Liberty Fi is in the red when the blue line crosses into it. When it is in green, the portfolio has been accumulating cryptos.
As of today, the portfolio was up by 4,3%. However, there were additional gains due to liquid ETH staking that weren’t included in this analysis.
World Liberty Fi has spent $22.5m on Thursday in a combination of TRX, ETH and BTC. It’s an addition to the $2.65m in TRX that was purchased on Tuesday.
These purchases have brought the total World Liberty Fi spend up to $245.3 Million across six coins, since the beginning of the campaign at the end November. The three mentioned above, as well as LINK, ONDO, AAVE, and ENA, a collection which will be integrated with the platform someday.
The portfolio has now spent approximately half of its time in front. It makes sense that the portfolio is regularly adding crypto to its collection (without a clear goal, but only for strategic reasons).
Illogical handwringing over what all could go wrong seems justified. If World Liberty Fi is indeed Trump’s strategic cryptocurrency reserve, then the handwringing about what could go wrong would be justified.
Nevertheless, it’s important to note that the blockchain rails, on which this stockpile is located, make navigation much simpler. It’s easy to see. It can be tracked when the coin is bought, sold, staked or transferred in any other way. They will always be trackable, if only within the capabilities of current analytics software.
All the necessary tools are available. It’s up to us to use these tools.
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