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RE: Is The Government Printing Money And Buying Bitcoin With It?
If they believed in their own cash system, they would not give out cash to bitcoin users through their own purchasing of bitcoin.
If they believed in their own cash system, they would not give out cash to bitcoin users through their own purchasing of bitcoin.
That's a valid point for sure, that they may have that line of reasoning; but to create a possibility of the U.S. dollar collapsing by not having control of something that they could easily take control of doesn't sound very strategic to me (they essentially have an unlimited supply, so why not have a majority stake in BTC AS WELL as have, of course, full control of the USD).
*majority stake/large stake (not necessarily majority)
But it is a great point you make for sure and could very well be the case! Thanks for the input!
If you thought of it.. no offense, then they have done it.
Yeah, and if that's true, then they likely have. that being said, like in chess, if they DEFINITELY will lose by doing something, they have no reason at all to do it. For example, if they DEFINITELY will devalue their currency by purchasing too much BTC in a traceable way, they may not do it. But, then, why not buy it in an untraceable way.