Topic: can states buy all bitcoin? (Read 1304 times)
If that would happen, they will surely benefit on that set up , on that ownership. but it might be hard for us to engange more in trading of bitcoin since it might increase the buying price of each coin which will not be beneficial for us. They will have the power to fluctuate the price of the bitcoin since the ownership was on their part. This was just my opinion.
I think no state or country would be interested to buy ALL the bitcoins in the world as well as not all bitcoin holders would be willing to sell their bitcoins. If one organization owns all the btc it means they have sole control over it and can affect the value of bitcoin, the price would probably go down. Also a country or state can't put at stake their funds just to buy all the btc they need their fund to run their economy and its not 'the thing' for bitcoin due to its fluctuating value.
I don't think that the states can buy all the bitcoin. Because some bitcoins are already owned by people. And it would be hard for the government or different agencies to buy them all. Also, people are preserving it because its value is getting bigger so it will be beneficial in the future.
Why would the government buy bitcoins. In every government there are representatives of the classical school of Economics. In their understanding bitcoin is a classic pyramid. Who wants to volunteer to risk a penalty? It seems to me that the government will be more acceptable to declare war on bitcoin and destroy it.
In my own opinion, i think the states cant afford to buy all the bitcoin in the whole world. It will need a high capital.
i think if a single state or country will be the sole owner of bitcoin, it is so impossible right now, no country is dumb enough to buy all bitcoins in the world, that would be huge amount of money, even all their resources and bonds and money are put together, no country can handle bitcoin, not unless they invested long ago and have a huge money invested in bitcoin, maybe in the distant future it will be possible, but now i doubt.
I do not know, currently the bitcoin price is too high, and the amount of bitcoin has now been overwhelming. maybe, after buying all the bitcoin, the country will go bankrupt. I am sure, it is very difficult to buy all the bitcoin, even for a country.
Yes if they want to buy they can do it. With hug money they buy anything. But with that, its time of dying bitcoin since they manage the price.
But clever investor will not give such thing happen. Invest will not let state buy all bitcoin.
But clever investor will not give such thing happen. Invest will not let state buy all bitcoin.
Maybe it possible that one state buy all bitcoin but when it happen there are possibility that bitcoin have a massive fluctuation of value because it's concentrated in one stock. In reality bitcoin user and investors are not allowing one state to buy bitcoin it is because bitcoin have an important role in virtual world and digital transaction even in Forex exchange.
They can't buy all bitcoins now because it is not all mined yet even they have enough funds to buy all there is no assurance that the bitcoin price will still the same this day this coming months or years, time will come they can't afford to buy all of this coins because the price changes constantly every minutes that a large percentage can go up and down and remember that bitcoin is still $1000 and now have a dominant price of $3000 plus so they can't do that it is just a large risk and gamble for their part.
what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
Yes!they can afford to buy all bitcoin if there state is wealthy,they can do what ever they want to reclaim all bitcoins for the common good of there state.the question is,what is there purpose of buying all bitcoins?is there any hidden agenda why should they buy all the bitcoins?
Yes they can buy bitcoin with their money. But the problem is where can the get bitcoin? I think less people will just sell their bitcoin to state. They mostly sell it only a little part of bitcoin and only to trader. Most of people just keep their bitcoin for future.
It is a very interesting assumption. In my opinion, it is very unlikely that an organization/state buys all of the bitcoins. If no other parties are using bitcoin, bitcoin will lose value and even die. So why would an organization spend lots of money to buy all coins, kill bitcoin and lose money.
what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
I think the current huge value may become less or no value at all because the circulation will be limited within in their area only in which all holders will force to sell their bitcoin to that state. If this will happen they can now replace their fiat to bitcoin as their legal tender but the value will be not as expensive as today but it will now depend of their economy status thru foreign exchange rate.
what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
then i think they can control the price of bitcoin and they can easily to playing with the price. but i think the states can not risk all of their money to buy bitcoin because they still need that money to make sure the economy of the states can work properly. the most changes that we can see the price will be changing over and over and i think the price might not reach the high price because the states controlling the price to not increase to high but follow what they want.
what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
I think the current huge value may become less or no value at all because the circulation will be limited within in their area only in which all holders will force to sell their bitcoin to that state. If this will happen they can now replace their fiat to bitcoin as their legal tender but the value will be not as expensive as today but it will now depend of their economy status thru foreign exchange rate.
How can states can buy all the bitcoin ? The first problem is that people and investors are not going to sell their bitcoin because what if after they sell it with the current price, after a few days bitcoin price goes right up with more profit ? The second is that i guess states don't have enough money to buy all the current bitcoin. If they want to, they need more money in their government bank follow by that they will increase tax fee and the economy will go nuts. And what if they success in collecting all the bitcoin, they sell it with a higher price and the no one's gonna buy it ? They will broke. So it's very risky for states to buy and collect all the bitcoin.
Just like with other assets, you simply can't buy all Bitcoins because only a fraction of existing Bitcoins are for sale. People are often being misguided by marketcaps, thinking that they are equal to the total worth of all coins, but reality is a bit more complex. What you really can do is buy all Bitcoins that are on order books on exchanges - that's some dozens-hundreds of thousands coins. As you will be buying, the price will be quickly increasing, so instead of current $5,700 * X, the price will be much higher. After that people will put more Bitcoins for sale at a new high price, so it would be impossible to buy all Bitcoins because the price will be only increasing. And if government will try to print more money to buy more coins, they would just kill the fiat currency and their own economy. This scenario is so unrealistic that there's no chance we'd ever see it happening.
I do not know, currently the bitcoin price is too high, and the amount of bitcoin has now been overwhelming. maybe, after buying all the bitcoin, the country will go bankrupt. I am sure, it is very difficult to buy all the bitcoin, even for a country.
A good question indeed and honestly this is the first time I heard about this kind of possibility.
But unfortunately I can’t make a technical answer for it because of many factors regarding economics that I couldn’t understand but in personal opinion I think it will happen but I hope it won’t. Let see what future brings and will happen and if this be a reality we will know if the government will do that desperate moves themselves or the law will allow them especially they’re using a public funds and those must be approved by the people or the citizens they serve.
But unfortunately I can’t make a technical answer for it because of many factors regarding economics that I couldn’t understand but in personal opinion I think it will happen but I hope it won’t. Let see what future brings and will happen and if this be a reality we will know if the government will do that desperate moves themselves or the law will allow them especially they’re using a public funds and those must be approved by the people or the citizens they serve.
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