Bitcoin Forum
May 11, 2024, 03:14:45 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Bitcoin / Bitcoin Discussion / Re: Would any government in crisis consider storing their cash in bitcoins? on: August 19, 2017, 10:35:36 PM
By simply storing their existing wealth into BTC by converting it. Will also mean their wealth is more secure and hyperinflation doesn't hurt them?

Also, how would something like this affect price.

A government in crisis doesn't have much wealth left. And the cash that they have is worthless, because of the massive printing of money. Actually printing more money is the only way they can postpone the crisis from exploding in their face.

Generally dictators of little countries in crisis have a big reserve of dollars, and that would seem very possible for me to see them put convert a part of it in bitcoins to make it leave the country more easily.
2  Bitcoin / Bitcoin Discussion / Re: regret by not believing in BITCOIN? on: August 14, 2017, 05:43:42 PM
Your case is not something very important, some will have lost much much more when one bitcoin will be worth 50 000$ !
3  Bitcoin / Bitcoin Discussion / Re: Would any government in crisis consider storing their cash in bitcoins? on: August 14, 2017, 05:30:42 PM
I am sure some are already doing it, I am also believing North Korea is mining Bitcoin.

However in most cases that would not affect the price much considering they are somehow poor.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!