Topic: Why don't US gov buy a trillion worth of bitcoin? - page 4. (Read 904 times)
Just to take control of bitcoin, I don't think buying trillion worth of it will be the answer to it. On the first place, bitcoin is too risky, no one knows what may happen in the future, although they can manipulate it's price if they were to buy bitcoin, still there may be chances that it will fall to zero, also there might be competition from different countries to arise if they learned that US bought trillions worth of bitcoin, this may lead to unnecessary decisions that may turn to war. Lastly, the US government don't believe in bitcoin, even if they may see its potential, still buying trillions worth of bitcoin is just too much.
We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
Are they even not a participant in the bitcoin market? I mean, who knows, they might already have a role in the marketing of bitcoin. And with Trump's statements against bitcoin and other cryptocurrencies, there might really be something we don't know yet. All we can do for now is to listen to speculations until one day, a revelation happens.
On the other hand, the downside of it is that the rotation of the supply of btc in the market might become stagnant if ever the US government bought a huge amount of btc. This will greatly affect the value of this asset if they hold it for a long time (Law of Supply and Demand).
Because that's not how the US government works... The US isn't like Russia, it's a democracy. Even if you put regulations and democracy aside, it would likely start a worldwide crypto war which wouldn't be good. Plus, Bitcoin is not backed by any real value whatsoever, which is the inherent risk of it all.
Russia isn't but US is a democracy lmaooo
You should go read about Bitcoin again and this time try to understand it.
Bitcoin is not backed by any real value, that's a fact. The US dollar is backed by the government. The US is a democracy that's a fact (you could argue more of a republic but that's irrelevant here). I don't really understand what you are trying to say? Are you 12 years old?
The real question is, why would they buy such a high amount of bitcoins? it makes no sense, they are totally the opposite of what bitcoin is supposed to be. So it would be a waste of money for them, there is nothing more to explain.
What they can do is corner the mining segment of bitcoin (and all mineable crypto) with gov't owned nuclear and hydroelectric power. It only takes a few moves by pioneering state level gov't officials to bring that about, it doesn't even have to be on the federal level.
The answer is very simple:
1 trillion worth of Bitcoin = 1000*10^9 USD = 10^12 USD
Today the bitcoin price is 9537 USD/1 Bitcoin, that is the US gov would have to buy approx 104 854 776 Bitcoins.
There will be 21 000 000 Bitcoins in the year 2140. Now there are approx 17 500 000 Bitcoins in this world.
they don't have money to buy?, if they want need multi rules and asking to senat then need to revition budget on 2019.1 trillion worth of Bitcoin = 1000*10^9 USD = 10^12 USD
Today the bitcoin price is 9537 USD/1 Bitcoin, that is the US gov would have to buy approx 104 854 776 Bitcoins.
There will be 21 000 000 Bitcoins in the year 2140. Now there are approx 17 500 000 Bitcoins in this world.
The goverment have plan to buy on 2020 and make drafting budget begin from now tor buy on 2020
Maybe they believe in their USD so much and buying so much on the open market would raise questions and weaken the dollar even more.
The same reason why companies don't buy competing products in bulk even if they could. They prefer to buy out the whole company or find other ways to get rid of the competition.
I agree with your opinion. US has their belief in USD rather than in bitcoin. It is more stable and purposeful to use us dollar because it is fiat and tangible. Unlike with bitcoin, we will use internet in order to buy using bitcoin. Anyway, there are no competition in this because I know that they are both using in USA. The same reason why companies don't buy competing products in bulk even if they could. They prefer to buy out the whole company or find other ways to get rid of the competition.
They could theoretically attempt to sabotage bitcoin by covertly acquiring so of much of it (with tax-payers money or just mint more fiats) but will just make bitcoin much more valuable- less amount in circulation. The beauty of bitcoin is that, the quantity in supply does not really matter as long as people are willing to use it.
I doubt the US gov would do that on an institutional level, even if some officials do it privately.
I believe, if any country, one of those small ultra rich Arab countries will make the move to "diversify" their already huge reserves. Those with the most money have the least to lose and the most to gain from "diversifying a bit" their portfolio.
As for the USA, make sure you study it. Its a federal republic, it may have some democratic elements but its not a democracy, and its not like they care or are wrong by choosing that way, it certainly worked in a time where everything around them was monarchies.
It certainly did better than the garbage "president is omnipotent" system over here...
I believe, if any country, one of those small ultra rich Arab countries will make the move to "diversify" their already huge reserves. Those with the most money have the least to lose and the most to gain from "diversifying a bit" their portfolio.
As for the USA, make sure you study it. Its a federal republic, it may have some democratic elements but its not a democracy, and its not like they care or are wrong by choosing that way, it certainly worked in a time where everything around them was monarchies.
It certainly did better than the garbage "president is omnipotent" system over here...
We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
Do you think that the tax payers money could be used to invest in bitcoin just like that, there is a budget for what their funds are being allocated, no one can stop any corporate or a billionaire to invest in any form of investment but no elected government can take decisions just like that when it comes to investing in any financial market. So this is a movie script kind of scenario and it cannot be a reality in any way possible So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
.
I can not very well trust the US government not to secretly have bitcoin in their private reserve. You really don't expect the US government to start promoting BTC over the USD now, this will make a lot of nations to question the future of the USD even if they already know there is a disaster ahead.
We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
It's a simple question with various possible answers. I think it's a combination of factors.So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
1. USD is a part of national identity, as well as a symbol of power and stability in the US. Like Trump said, for him, there's only one greatest coin, and it's the USD. If the US decides to go for Bitcoin so hard, people might actually feel more anxious, thinking that something must be terribly wrong with the dollar if the US is being so desperate.
2. USD actually IS the most powerful currency, and it's used all over the world by way more people than Bitcoin is. So why bother with something so small and barely known?
3. Bitcoin is always a risky investment, and it's also highly volatile which can be very stressful for many people, whereas the US is rather deeply conservative in investment matters. They just don't want to take the risks, and why would they if they are already the most powerful state in the world?
We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
they them self will crash the usd and its will crash all other paper money,
in other words taxis hate uber suddnely they will left their taxi and go to uber ..
so funny situation
We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
To make it clear for you, your question is similar of this: Why don't US government buy all business that's in USA? They can buy google, twitter, facebook, walmart, intel, ibm and etc, as much as possible or just take rule that every business must be in government's hand and people must be slaves. Any logic here? Or in your words? There aren't the silliest people in governments, they won't do that for a lot, a lot of reasons. At first they don't need it, secondly - it's risky and result will be chaos because that fact won't be hidden. So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
It's like surrendering their authority to a decentralized project like Bitcoin, who would believe them anymore if they say something negative bad and give warnings to these Cryptocurrencies if they are holding trillions of it, maybe some officials are now holding it, but they do not want to be exposed holding or trading Cryptocurrencies.
We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
I don't think the US government will buy bitcoin, you already know that they want to dominate the world, and they want dollar to be the main currency in the world, if they buy bitcoin, the prestige of bitcoin will rise, prices and the bitcoin market will rise and exceed dollar itself. So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
I see no reason why the US government will want to own all bitcoins, it just does not make any sense.
And the US government do not dictate what goes on in the world as you claim, they are of course a world power, but there are others and they definitely cannot dictate things unopposed.
Cryptocurrency obviously poses a bit of a threat to fiat currencies and government, but trying to buy it all out is definitely not in their plans.
And the US government do not dictate what goes on in the world as you claim, they are of course a world power, but there are others and they definitely cannot dictate things unopposed.
Cryptocurrency obviously poses a bit of a threat to fiat currencies and government, but trying to buy it all out is definitely not in their plans.
We all know the US gov rules, dictate to rest of the world.
not really. of course many countries specially in Europe are following US like sheep but not the rest of the world and not in everything.Quote
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
then question is why? what is gained by controlling the decentralized market of the most decentralized currency in the world that can not be controlled and would cost billions of dollars of tax payers money?What is the downside?
your conspiracy theories should always have some explanation for effort versus reward relationship otherwise you are just throwing random thought at us.
The answer is very simple:
1 trillion worth of Bitcoin = 1000*10^9 USD = 10^12 USD
Today the bitcoin price is 9537 USD/1 Bitcoin, that is the US gov would have to buy approx 104 854 776 Bitcoins.
There will be 21 000 000 Bitcoins in the year 2140. Now there are approx 17 500 000 Bitcoins in this world.
1 trillion worth of Bitcoin = 1000*10^9 USD = 10^12 USD
Today the bitcoin price is 9537 USD/1 Bitcoin, that is the US gov would have to buy approx 104 854 776 Bitcoins.
There will be 21 000 000 Bitcoins in the year 2140. Now there are approx 17 500 000 Bitcoins in this world.
It will be my best wet dream for the govt to buy all the bitcoin, all the crypto from the open market, buying is not the only choice they have, they can confiscate, taxing your crypto, ban it, regulate it, sanction, there is just over hundreds possible way to get their hand on it, buying is just one of the worst they could do, what gold buying binge is one completely isolated case.
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