Balaji Srinivasan raises the question of US government having enough Bitcoin
23 sats \ 1 comment \ @OriginalSize 11 Jun 2023 bitcoin
"The most important thing in 2021 was could the president tweet which was a big leap from 2010. Eventually the most important thing is going to be does [the US] government have enough Bitcoin to fund operations."
Do you agree? If yes, how long do you think it'll be? If no, how do you think the gov will avoid this situation?
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10 sats \ 0 replies \ @_b_o_n_e_s_ 11 Jun 2023
US government has gone on/off sound money before so i think there's precedent but its not inevitable
if it were to happen i dont think its anytime soon. but i can imagine other smaller countries adopting it first as a younger generation of politicians seek alternatives to the exported inflation as US tries to print its way out of a corner. maybe this happens in the 30s?
US has so much ego invested in current setup that I don't think its adopted by them but rather forced. and they will fight it every day up to that point. they will try and persuade other countries not to adopt it. they will try and contain the USD/BTC rate for as long as they can. it is a threat incumbent banking oligarchy
what do you think happens?
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