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.

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.

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.

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.

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.

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.

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. 

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

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.

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.

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.

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.

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.

At first glance it leads to what you said, but my question is one DrBeer, how Bitcoin will perform in the next few months.??

Too much of daydreaming!

Ok here's the deal! If a nuke war happens and all major countries evaporate, we will elect you as the president of the world and you will then implement this rule of restricting fiat for export/import businesses.

Because otherwise I don't see it happening and even if it's happening, I don't see it solving the inflation issue. It needs a completely new world order.

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 ?  The dollar is demanded by the whole world, and in fact any amount of dollars will be absorbed by the WORLD economy without problems. At the same time, the U.S. will quietly, and only for its own benefit, print more dollars, as much as they need. At the same time, bitcoin reserves are limited, and bitcoin has no concept of an additional mission, which means that it will not be easy to cover any needs.
Bitcoin does not provide any advantages for the economy, and every country has the interests of its budget and a CONTROLLED (CENTRALIZED) financial system in the first place....

Why don't you guys talk about what will happen when the price of bitcoin goes down? Don't you see that other commodities and stocks goes down in value and the government are always helpless on how to recover them, when bitcoin goes down, the economy will be in big trouble because the volatility will bring them Bach to worst era they are trying to avoid for the past 170 years.

Bitcoin is a great asset I really believe in butnits very constrain to some adoption because it's decentralized which is very great but the government don't like anything they can't control, they don't want to invest into asset that will be threaten by external country.


Stablecoin are synonymous to fiat, it's nothing different from what we have before but maybe there could be some place where bitcoin can help elevate the economy maybe adding it to the country external reserve and hold some but it can't be directly be a main subject of the government, it wouldn't work and I don't even want it that way because everything about bitcoin will be of the government and that is centralization era.

So you are telling them to get rid of the power of being able to print money whenever they want? I mean if they print money and buy bitcoins with it, that means they will have a limited source of bitcoin, they can't buy it all, which means that they will have a finite amount, whereas the dollar printing has absolutely no limit, they printed like %50 of all dollars in the last 5 years, isn't that the power they need?

I mean it looks like inflation and terrible but they are still doing better than most, their parity against other currencies of the world is still quite strong and even after printing that much they are still not losing any economical power. So, they know what they are doing when they print. If they printed a lot and inflation ruined them and they did terrible then I would say that was a bad idea, but they print and still keep their power which means that they did had the leeway to print that much and doing fine with it as well.

If the US has a lot of Bitcoin holdings, maybe they can really survive or save the dollar. But if they print a lot of dollars, for sure, when there is too much, they will have problems because the value of the US dollar may fall when that happens. You get what it means.

The more they print money, the circulation of their supply of dollars will obviously increase, and this will lead to the problem of inflation. When this happens, the goods in the market will not be able to increase again, and there will be great pain and problems. It's back to the people.

The US could definitely buy a lot of Bitcoin to hedge against loss of purchasing power (which has been done because of their reckless spending, money printing & fiscal policies). Will they do it though, I am sceptical. The last I saw, the US was selling large amounts of Bitcoin that they had stolen confiscated from Silk Road & other illegal schemes.

Here is how and why , USA want to print Money off course USA china and russia can Do that they are world top export countries.
But If you print too much we all know "inflation"
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.
Same time fed can print and only small fraction of this printed money goes to people or economy most of the funds must go to the btc and btc will be accepted as form of payment to settle payments.
For example: USA want to buy from china so fed will print money and put this money in BTC the btc price goes up and btc will have value and you buy more with btc than any other currencies.
We are not talking about buying food or small items with btc we talk about export and imports between the countries.
Untfortunately stablecoins not solving the same old problem the inflation.
The bitcoin can solve this problem If countries will place restrictions and rules over fiat currency transactions but instead of fiat they use btc.
Not usa but all the countries can print and allocate most of the money in the btc and then using the btc for payment settlements.