Topic: Bitcoin can save the USA and dollar (Read 514 times)

Many countries are in debt but the difference is that USA still has great income from multiple sectors. They are able to turn these money into some assets. Though of course the likely scenario is for them to be debt free just like a few other countries.

Still they have a strong economy and an even stronger currency. People always speculating about us dollar downfall but right now that would seem like it would take quite a while for that to happen.

Despite US is known for having a debt, I think that their currency is still strong for it ''To be saved''. The currencies of some/other countries are the ones who need it but I think they already think of it before.

I don't only hear an update about them but I hope they are now improving and this will continue further. USDT is different from Bitcoin but it is also a considered as crypto as it uses the Blockchain technology. USDT is still a form of Dollar and backed by it, so if let say they want to save the USD, using it is not a good idea. The world is already using a crypto but even if we don't, other latest technologies are still enough for us to say that we are ahead of time.

World powerful never accept bitcoin as their system it will be always for public power govt will try to create new one with this system but I am sure they don't agree to use btc as your system because they don't want to give their economic power to public, and bitcoin has own power to spread to whole people in the world day by day so it will always power of public. Governance will accpet it or not. Doesn't matter .

Bitcoin standard as what was suggested by some Bitcoin personalities. I think they have a point in saving the dollar with such use.
As of now, they are up to save the USD which is by using USDT in Europe. I think this is where they can become cashless and will just be using Tether in the end. If the world is adopting crypto then they are ahead of time if they are using the USDC and USDT.

Even the government will never embark on such decision in the country because they know that BTC is a decentralized currency, and there is no way government can print huge amount of money and invest them in BTC hoping that the price will rise higher the next day or week, and they don't have the power to force the price to pump immediately in the market.

With this illustration, show that government will not get involve in such investment but it will make people to start suspecting the government officials that they are using government money to do other projects that will favor them and their family members when money is not in circulation in the country, because there is no way you can buy BTC at the rate of $10 and the price will jump to $100 within the week.

But if the government want to use half of their money to buy BTC, I guess they can achieve something good from it, if they can hodl it like 4 years before they can sell, they will achieve big profits that will give more value to their currency

I'm afraid it won't be beneficial in the end. If you print and print money to buy Bitcoin, the price of Bitcoin may increase, but that might be a worthless increase because the value of such price will also go down. To illustrate it with a simple math, it is useless to make Bitcoin increase from $10 to $100 if that would mean that what you could buy with $10 can only be bought with $100 because of the loss of value. That's basically the same with money printing and the subsequent loss of value as a result. The supply has increased but the value has gone down.

I don’t think so. USA is very opportunistic and can buy anything as long as it benefits them. But since they might probably never be able to control the entirety of bitcoin they tend to discourage instead those who use it. By not associating with it they are removing its “effectivity” or at least trying to.

I’m pretty sure that USA is always looking for other opportunities to keep their economy safe and afloat

The reality is like that and the impact is also that people will feel if they continue to print, but they have their own arguments and different points of view in making policies.


Maybe they still read Bitcoin is not a powerful medicine to answer the challenges of the global economy today.

The US dollar is a recognized international currency but Bitcoin is not the accepted currency of all countries so far the US dollar will be more accepted than Bitcoin. However, many countries are now positive towards the use of Bitcoin, in that case, if Bitcoin spreads globally, the demand for US dollars will decrease a lot.

for now bitcoin and cryptocurrencies need an alternative they have made many choices to improve the US dollar but that is all for now it is difficult to develop in America because the SEC authority is difficult to develop I don't know the exact reason they rejected it, the US government with bitcoin has to manipulate the value and I I'm sure many countries don't accept it.

I wonder if they regret selling that Bitcoins earlier seeing the recent price surge to nearly $50k a couple of weeks ago. 😅 But yeah it is true that the US has this purchasing power to accumulate millions of Bitcoin in todays price but this is tricky since the US congress is composed of pro and anti crypto camps.

until now bitcoin and all crypto currencies all coins including bitcoin and altcoins are difficult to develop in America because they want to legalise only bitcoin ETFs.
so with such a situation it is impossible for bitcoin to save the dollar and the US economy. the USA financial authority or SEC alone always complicates crypto development there how can it save the economy there.

I don't think the US dollar needs an alternative at this point because they will try to engage in many healthier choices than looking for another means/currency to fix the US dollar.
 But how you think or intend that bitcoin can save the US dollar?Bitcoin is a digital currency while the US dollar is a fiat currency.The US dollar has singlehandedly faced this challenge over the years;they're simply Waiting for the right time I think,they simply have a solution to the existing dollar crisis.

I have nothing to add to your answer! You evaluate the situation realistically, without paying attention to personal dreams or dislikes. And this is very good - a correct assessment of the situation allows you to draw the right conclusions. Like, for example, the accumulation of Bitcoin since its last fall. Knowing the speculative nature of the crypto market + halving, it is easy to assume that in the medium term Bitcoin will grow. And it was profitable to buy it for 6,000 dollars in those days, to sell it today for 40,000, or in a year, FOR EXAMPLE, for 100,000 dollars!

yes, that's good, but I think making bitcoin for payments in all countries is difficult because the government refuses to do it. I don't know the exact reason why they refuse, all I know is that people don't believe in bitcoin because it's an unclear asset if bitcoin becomes a legal currency in Some of these countries will have a revolution and eliminate inflation because Bitcoin is also limited, only 21 million exist in the world. I still wish Elon Musk once said that the biggest fraud in the world is fiat currency.

America and all countries involved in the global system are involved with the dollar, considering it the world’s currency on the basis of which prices are determined and exchanges are made. It is a global problem and does not concern the United States alone, meaning that America cannot search for solutions to the dollar crisis in isolation from the rest of the world.
Even if we consider that Bitcoin is capable of solving the crisis, no government will risk using it because of its decentralized nature.

But the fate of all those confiscated assets is still unknown, and no one ventured to ask how the American authorities might have disposed of these huge sums. The question is raised in ongoing discussions and not in official circles because even the media does not address these points and it does not seem that there are parties responsible for this type of accountability.

Can you even hear yourself, the US should buy a lot of Bitcoin to save the economy? Many of you will not stop to amaze me, why talk when you do not have anything good to spit out? If you must know, there are good and valid reasons why countries' governments will never own Bitcoin, legalise it as a legal tender or have a sizeable amount of it. The reasons are in front of all of you but you are turning a blind eye to it or you just don't care, nonetheless, for the government, the risk is just too much for a nation. Leave Bitcoin for us the citizens and leave the government alone.

By the way, what backs Bitcoin? And what would happen to the government funds and the country if anything unforeseen happens to Bitcoin? Do you know the future or has it even helped the economy of the countries who bought it yet?

The US government can't gamble the future of the US with Bitcoin and there are many packages already yielding for the country. The US government owns many assets already and Bitcoin is just like any other investment, so what is special and why must they buy it? Is it to save the US economy, how? This can only get the government richer, not the citizens, so which economy is it helping? I can't even stop thinking why a person would write such without thinking it through. Go and learn economics, commerce and investment maybe you will know the gravity of what you wrote.

The US is a very rich nation and the government is trying its best and doing everything possible for the economy. What will help the US economy are policies, not investments/government's money. Leave the US citizens for the investment part and let the government focus on the policies. For the record, the US citizens already own a sizable amount of Bitcoin, so why the government? You are so funny!

What if all other countries don't accept Bitcoin payments? You can't buy anything with BTC this way?
Certain requirements should be met, so that a currency like Bitcoin could become a global medium of exchange.
This currency should have stable price/value(Bitcoin definitely doesn't have that) and it should not be manipulated by any country.
Your simple theoretical model shows that USA must manipulate the value/price of BTC and I believe that no country in the world would accept payments in the form of a financial asset, which can be manipulated.
The process of dedolarization was driven by the fact that the USA is trying to weaponize the US dollar. You suggest that the USA should weaponize Bitcoin, but this might lead to "deBitcoinization" around the world.

The dollar does not need saving and Bitcoin would not be the one to save it even if it did. Bitcoin simply cannot process anywhere near the required capacity of transactions needed to act as a replacement. The US people actually benefit hugely from being the custodians of the dollar, because they are able to sell debt to overseas buyers - who constantly lap it up because it's so reliable - and get to depreciate the amount of debt they have to pay back by printing money. They gain huge benefits from this and will not easily give up the status quo, but besides the Euro there are not really any other good contenders to act as the reserve currency of the world either. The way you frame this, makes it seem like Bitcoin needs the dollar, not the other way around.

It is one of the point, they can not acquire Bitcoin even they have power.

There are sellers and buyers on the market and even they are a massive buyer, they must need sellers to accumulate bitcoin and become a biggest bitcoin holder in the Bitcoin Rich List.

If there are not enough sellers for governments, they will not get enough bitcoin to dominate Bitcoin distribution.

Eventually, if they have enough bitcoins, it won't help them to fix their central banks and inflationary fiat currencies that lose purchasing powers with time.