Bitcoin is a unique and independent entity, not designed to save anything or anyone. It exists as its own entity, operating on its own principles and protocols. Its value is determined by its own market forces and user adoption, not by the actions of any government or central bank.
Comparing Bitcoin to the US dollar is like comparing apples to oranges. The US dollar is a fiat currency, controlled and manipulated by the US government and its central bank, the Federal Reserve. Its value is based on government promises and central bank policies, making it susceptible to political and economic influences.
Beside thhe US dollar's value has historically been eroded by inflation, as the government and central bank have increased the money supply. This trend is likely to continue, as the government faces mounting debt and the Federal Reserve maintains an accommodative monetary policy. And bitcoin is potentially stable and globally adopted bitcoin offers a promising alternative to traditional currencies.
Topic: Bitcoin can save the USA and dollar - page 2. (Read 514 times)
Simple question - why would the US want to do this ?
Why would the U.S. raise some bitcoin that it does not "produce", thus raising the stocks of countries where bitcoin is generated or accumulated in large volumes ?
At first glance it leads to what you said, but my question is one DrBeer, how Bitcoin will perform in the next few months.??
The answer is very simple now bull market, halving ahead, there will probably be positive news that sec agrees bitcoin-etf blackrock.... Bottom line - UP.
But this is purely my personal opinion, you should not rely on it when investing money.
But what will happen then - it is difficult to say, the historical chart - wave, it is not excluded that the value, for some reasons will be less. It could be market situations, and it could be purposeful manipulation.
Returning to the topic - at the same time, the dollar will maintain its value, quite stable
Bitcoin will continue to exist and grow stronger. Halving is approaching and we will see bitcoin make a new ATH, which is what bitcoin will do in the coming months. Instead of asking what bitcoin will look like in the coming months, I think we should focus on accumulating bitcoin, we should prioritize this above anything else. Because bitcoin is inevitable, but what will happen to us when bitcoin reaches 100 thousand dollars and we don't have much bitcoin?
Bitcoin was not created to save any country, that is not its mission. Even though I don't like America, I can't think of any reason America needs bitcoin when they are the number 1 power and USD is still dominating the world.
if US print money without collateral and buy bitcoins, maybe I'm the one who will sell all my bitcoins without hesitation, imagine the government easily prints money without collateral assets or gold collateral and buys bitcoins in large quantities, and when the price rises they sell and eats all your money lol. I don't think that's a good idea, besides printing large amounts of money will make the currency lose value in the market. It's not very funny that 1 billion dollars can only buy 3 eggs.
Bitcoin isn't controlled by any authority or country it could be a big reason USA will never buy it. It is high volatile currency it's can be another factor they don't want use it.
Because USD is top currency and it's dominating all over the world, So they will not be interest to transact with other unstable currency where USD is their traditional currency.
Because USD is top currency and it's dominating all over the world, So they will not be interest to transact with other unstable currency where USD is their traditional currency.
Do you know, that the one that backs up a nation currency is Gold, Bitcoin can actually be a substitute for gold to back up a country's currency, especially, bitcoin has a limited amount, so it will be very good for a state currency to make Bitcoin as a back up from their currency, there have been many countries that reject the dominance of the dollar, each country has its own currency that they must protect, but that was, the US dollar is still strong because international trade using the US dollar is still quite high.
It is unfortunate that it’s not always about what we wish/think. While you’re here thinking and looking for how to stop the printing of fiat, the government is busy printing more. Do you think that the government doesn’t enjoy printing new money? That’s free money, they don’t have to work for it or do anything asides from adding it into circulation. With Bitcoin, they have to buy the Bitcoin with fiat, but what will then be the urge that’ll make them consider doing that? This is why so many countries haven’t adopted Bitcoin yet. Also, if they wanted to, they’ll find a way to make it centralized so that they can track/trace transactions and their owners.
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OP, the government does not like what they cannot overly control, and that's why they cannot use Bitcoin as per your suggestion. Normally, it's known that too much printing of money has caused the money to depreciate in value by reducing the purchasing power of the money, and inflation is increasing. I feel the government is okay with it as long as it's something they can control. Even if they want to bring a solution, there is a simple solution, which is to retract some of that printed money and let a lesser volume be in circulation.
Bitcoin isn't controlled by any authority or country it could be a big reason USA will never buy it. It is high volatile currency it's can be another factor they don't want use it.
Because USD is top currency and it's dominating all over the world, So they will not be interest to transact with other unstable currency where USD is their traditional currency.
Because USD is top currency and it's dominating all over the world, So they will not be interest to transact with other unstable currency where USD is their traditional currency.
Simple question - why would the US want to do this ?
Why would the U.S. raise some bitcoin that it does not "produce", thus raising the stocks of countries where bitcoin is generated or accumulated in large volumes ?
At first glance it leads to what you said, but my question is one DrBeer, how Bitcoin will perform in the next few months.??
The answer is very simple now bull market, halving ahead, there will probably be positive news that sec agrees bitcoin-etf blackrock.... Bottom line - UP.
But this is purely my personal opinion, you should not rely on it when investing money.
But what will happen then - it is difficult to say, the historical chart - wave, it is not excluded that the value, for some reasons will be less. It could be market situations, and it could be purposeful manipulation.
Returning to the topic - at the same time, the dollar will maintain its value, quite stable
If America thought like you, it probably would have happened a long time ago. But will the US give up the fiat value they have always guarded and the freedom to print to recognize the existence of bitcoin? that's the problem. The US is the US with its fiat system which must continue to be maintained so that every country is still subject to the power it has. If the US suddenly supports Bitcoin purchases it means there will be many questions and people will lose confidence in the Dollar. The US cannot be dictated to in financial matters, they want to be seen as the only one.
US being the holder of the USD, would likely choose not to do that, as long as using the USD is advantageous for them. Why not continue with the existing culture? The government is not foolish enough to make crucial decisions like this. Moreover, to date, the USD still dominates the international market. Wouldn't it be bad news if the US government decided to eliminate the USD for international trade and instead use BTC, which wouldn't be beneficial for them?
BTC seems like it could be used on a large scale, but not for international transactions of that magnitude. Although governments and banks can print more money, they still need to control inflation to remain in command. BTC doesn't experience inflation and is also challenging for the US to fully control. Therefore, the US is likely not to use BTC for their international trade activities. Better for them using their currency to take some bonus from their international activity.
BTC seems like it could be used on a large scale, but not for international transactions of that magnitude. Although governments and banks can print more money, they still need to control inflation to remain in command. BTC doesn't experience inflation and is also challenging for the US to fully control. Therefore, the US is likely not to use BTC for their international trade activities. Better for them using their currency to take some bonus from their international activity.
The only thing that can "save" the USA and the Dollar now, are to stop fighting in other people's wars or to stop funding it. People cannot imagine how much money the US pumped in the "War against terrorism" in the middle east and now into the Russia and Ukrainian conflict and also the Israel vs Hamas war. 
Did they actually win any of these wars? ISIS are stronger than ever and Vietnam kicked their ass... and the only people benefiting from this are the people selling the weapons.
Did they actually win any of these wars? ISIS are stronger than ever and Vietnam kicked their ass... and the only people benefiting from this are the people selling the weapons.
Bitcoin is here not to save anything, anyone. It is Bitcoin and is always itself.
The US. dollar is created by the USA. government and its central banks so logically only the USA. government and FED can save the US. dollar.
If they can stop printing money, and can burn what they printed, they can save the US. dollar. It is not what they will do so the US. dollar will not be saved. Its purchasing power will decrease with time like this.
Purchasing Power of the U.S. Dollar Over Time
The US. dollar is created by the USA. government and its central banks so logically only the USA. government and FED can save the US. dollar.
If they can stop printing money, and can burn what they printed, they can save the US. dollar. It is not what they will do so the US. dollar will not be saved. Its purchasing power will decrease with time like this.
Purchasing Power of the U.S. Dollar Over Time
Unfortunately it's not as easy as it sounds especially for the fact that the USA don't have full control of Bitcoin , factor in volatility etc makes this an impossible task.. and if they print more dollars to buy bitcoin it kind of weakens the currency as forex is leaving the country...
To top it off a balance of trade needs to exist to strengthen the dollar and other factors have to compliment it such as employment rate has to go up, a good political atmosphere etcetera...
At this point the US needs good allies on its front as currently BRICS is also really squeezing them from accessing cheaper gas and needed commodities.
To top it off a balance of trade needs to exist to strengthen the dollar and other factors have to compliment it such as employment rate has to go up, a good political atmosphere etcetera...
At this point the US needs good allies on its front as currently BRICS is also really squeezing them from accessing cheaper gas and needed commodities.
Using Bitcoin to settle international transactions is possible, but you need to guarantee these countries that the value of Bitcoin will be stable. Otherwise, these countries may not use Bitcoin due to price fluctuations. The value of Bitcoin will be stable if there is a large demand and in return there is no violent change in supply, just as It will occur when the effect of halving is small or limited, such that supply is constant and demand is increasing or constant, and thus the price is somewhat stable.
As the chart shows, this will happen from 2040 to 2060.
As the chart shows, this will happen from 2040 to 2060.
The problem is that bitcoin can only save the people of the country and not the people on the government and the established institutions with a long line of tradition that bitcoin will definitely break if not destroy. I wouldn't agree that it's going to save the dollar though, I feel like with bitcoin being used more by the people in the US, the dollar will eventually not be that worth it to have so they just go with bitcoin, maybe right now we think that bitcoin is going to save the dollar since we're seeing bitcoin with it's value in dollars rising and USD is the global reserve currency and most countries have a high exchange rate with the USD so we end up with the idea that bitcoin will save the dollar, I wouldn't say save but more like strengthen though.
The dollar is an international currency and the American government would never want to do anything to reduce the demand or value of this international currency. Currently the euro competes with the dollar, but the euro is probably not used as much outside of Europe. The American government can use bitcoins for their military or other sectors but they don't use bitcoins because they want to keep their tradition of US dollars and they want the demand for these dollars to continue to grow. To be sure, the United States has a great influence on the world's economic markets. The US doesn't use bitcoin it's not like they use bitcoin but they don't promote it because they are using bitcoin any of this promotion will increase the price and demand for bitcoin not the demand for dollars.
Bitcoin can solve that problem the way that goverment will buy the bitcoin with printed money so btc price will be high and whenever the USA need to spend on military or something the payment will be done by bitcoins.
You should go check some numbers and come back. We are talking about trillions of dollars wasted on US war machine to murder people around the world. That is not something that bitcoin can cover.Besides, the whole point of printing money out of thin air is to not have to spend money! If they want to acquire bitcoin they would have to first spend a lot of money and then have a restricted budget that they can no longer surpass. But with dollar they print trillions in a blinking of an eye to feed the regime's bloodthirst.
The USA is the world's number 1 economy, and the USD has a very modest inflation rate. The USD is also the world's number 1 global reserve currency, with others significantly far behind. There are problems in the US, for sure. There's a huge foreign debt, there's significant poverty and insignificant social support when it comes to healthcare and quality education.
My point is, the USA doesn't need saving, as it's already doing the best in various categories. All the talks of potential defaults, stagnation, smaller influence or the USD losing its dominance as a reserve currency are vastly overrated if you compare assumptions to facts.
My point is, the USA doesn't need saving, as it's already doing the best in various categories. All the talks of potential defaults, stagnation, smaller influence or the USD losing its dominance as a reserve currency are vastly overrated if you compare assumptions to facts.
Do you think the US government is seeking for help or need to be saved? I don't think so, but if whenever, however they require help, it wouldn't be bitcoin, because it's decentralized. The government don't want to rely on something, which isn't under their control. Dollar is the most recognized currency in the world, US choosing bitcoin over dollar, is like removing the currency, which contributes to the power of her nation and handing it over to bitcoin. It'll help the growth of bitcoin, but it's quite impossible for US government to make such a move. Added with the volatility nature of bitcoin.
Unless they control the market in the country which I think is already happening. They already have control of Coinbase through the stock shared with BlackRock and other institutions and then Binance.us where CZ recently paid billions to US authorities. I think they could back the USD by Bitcoin but the issue would be China and Russia are also ahead of their time and they also have a huge BTC market.
China alone has Hong Kong prepared to capture the crypto market. Interestingly when Blackrock applied for BTC ETF, China was also leaping to reopen crypto in China.
Do you think the US government is seeking for help or need to be saved? I don't think so, but if whenever, however they require help, it wouldn't be bitcoin, because it's decentralized. The government don't want to rely on something, which isn't under their control. Dollar is the most recognized currency in the world, US choosing bitcoin over dollar, is like removing the currency, which contributes to the power of her nation and handing it over to bitcoin. It'll help the growth of bitcoin, but it's quite impossible for US government to make such a move. Added with the volatility nature of bitcoin.
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