0 sats \ 0 replies \ @Undisciplined OP 11 Aug \ parent \ on: Should the US Government Acquire a Bitcoin Reserve? • Listen on Fountain bitcoin
Who cares about "admitting" anything? Such a backing would clearly make it a stronger currency, given your other assumptions.
The rest of the world, if they see Bitcoin as a superior store of value, is not going to abandon the dollar because it's got too much Bitcoin backing it.