Dark Money Plan to Spend Your Tax Dollars on Bitcoin

A bitcoin advocacy group is pushing President-elect Donald Trump to stockpile massive amounts of cryptocurrencies, and nationwide efforts to do the same are being led by fossil fuel activists fighting to overturn environmental regulations, including the author of the Project 2025 proposal to dismantle environmental protections. an agency.

If the group gets its way, governments will use taxpayer money and workers’ pension funds to buy and hold billions of dollars in highly volatile and unregulated assets, which will boost energy demand and accelerate climate destruction.

By storing Bitcoin, governments will enhance their legitimacy He asks For Bitcoin, this will likely contribute to a massive increase in Bitcoin prices – and force taxpayers to foot a bigger bill than ever before. Such a price rise would provide huge rewards to the small group of people who own the majority Bitcointhe first and most famous type of cryptocurrency. Only 2 percent of accounts own more than 90 percent of Total Bitcoin Currently in circulation.