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That is what I am saying. If Saudis buy bitcoin instead, likely one corrupt official is all it takes to drain it and flee.
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That is what I am saying. If Saudis buy bitcoin instead, likely one corrupt official is all it takes to drain it and flee.
It doesn't matter, they flew with same worthless IOUs. Or even worse, if they will want to sell those IOUs a gov could block the sale.
Instead if they would buy BTC directly in self-custody, nobody will notice or do anything against.