Bitcoin start Backing USA dollar

[CarnagexD]

It would not be possible for bitcoin to actively and directly back the US dollar for several reasons. But mostly it is because it is a cryptocurrency with a high volatility rate, as opposed to USD which is a fiat currency with regulations left and right. Apart from this, we also have to remember that bitcoin is decentralized, meaning it has no business of choosing to support a single fiat coin when it can support all of them. Still, the boom in media attention inadvertently allowed USD to recover and Bitcoin to flourish despite the pandemic.

[Sebas.tian]

The USA dollar need good backer.

Yes,it look like the USA dollar need  bitcoin back up, but the new government that just took over the government will not allow such thing to happen in his regime. Dollar is a centralized currency which is not control by private sector or share any profit from any decentralized investors.
Joe Biden will not allow bitcoin, which is a decentralized currency to back their currency  because many countries will see his government as the wost  government in the history of USA.

[worldofcoins]

Fiat cash is centralized and handily constrained by banks and governments.
Where bitcoin is decentralized, so it is implausible for bitcoin to support up US Dollars.
There's no correlation between bitcoin with fiat. Both have various highlights and characteristics.

But mostly it is because it is a cryptocurrency with a high volatility rate, as opposed to USD which is a fiat currency with regulations left and right.

The main thing government can do is improve the stock exchange and its economy.
It can be backing up the dollars; there are no rights for bitcoin to do anything with fiat in any case.

[ShowOff]

Fiat cash is centralized and handily constrained by banks and governments.
Where bitcoin is decentralized, so it is implausible for bitcoin to support up US Dollars.
There's no correlation between bitcoin with fiat. Both have various highlights and characteristics.

These two currencies are both a means of payment and both have a correlation as a currency where the nature of the two is almost the same. Both fiat and bitcoin will have value simply because people are willing to accept them as means of payment. What distinguishes bitcoin and fiat is the system and how it works, bitcoin is decentralized while fiat is centralized. Bitcoin can be used as more than just a means of payment because it is also a profitable investment asset. Fluctuating price will open up the possibility for investors to get greater profit compared to investing in government-controlled asset such as gold and other asset.

[Fullbear2222]

The USA dollar need good backer.

The Bitcoin is perfect to backing Up USA dollar.
That Can Work like real fractional reserve.
I think 2021 year the dollar Will be backed by BTC

True now

[macson]

The USA dollar need good backer.

The Bitcoin is perfect to backing Up USA dollar.
That Can Work like real fractional reserve.
I think 2021 year the dollar Will be backed by BTC

i just realized that you have made this post since 2020 ^{(it's been 4 years)}, but until now the dollar has not been backed up by bitcoin ^{(in the future this might happen)}.  i am optimistic that in the future bitcoin will be used by countries not only the United States but also all countries around the world to back up fiat money because the bitcoin ETF has been approved, even though there are pros and cons to the bitcoin ETF, orthodox investors really like playing with ETFs rather than trying to buy bitcoin conventionally.

[Argoo]

The USA dollar need good backer.

The Bitcoin is perfect to backing Up USA dollar.
That Can Work like real fractional reserve.
I think 2021 year the dollar Will be backed by BTC

It is now 2024, and governments are still not particularly interested in Bitcoin and other decentralized cryptocurrencies. And it is unlikely that anything will change in this regard in the future. States will only use currencies they can control. It is easier for them to create and work with their own CBDCs than with cryptocurrency. But they will use blockchain technology wherever they can apply it. But everything in this world is changing. Perhaps something will change in the relationship between the state and cryptocurrency.