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Author Topic: Would any government in crisis consider storing their cash in bitcoins?  (Read 570 times)
romani245
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August 29, 2017, 10:11:36 AM
 #21

Governments might not do this, because by doing this, they would admit to their own failure to protect their own financial economy and reserve currency.

That's not necessarily true. Look at the Chinese government stockpiling gold. All major governments have gold reserves, even if it has no relation to the value of fiat money. Governments necessarily diversify to hedge national/government assets against economic turmoil and inflation.

I don't see central banks advocating for it, though. Tongue

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August 29, 2017, 09:14:12 PM
 #22

Government in crisis, bitcoin would be the least of their problems because a stable country is one that can think of development or any research in new areas what will be on their mind is survival which is about getting support from outside country to take them out of the situation it is after they sort themselves out, they can start thinking of the opportunity bitcoin is offering which they can then consider whether to keep their funds.

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August 29, 2017, 10:11:57 PM
 #23

not sure about that, but if the government still has the wealth and to avoid a possible crisis, the government may save some of its wealth on bitcoin. the big investors that have entered in bitcoin will have a big influence on the local government.

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September 01, 2017, 10:11:27 PM
 #24

I mean like what would happen if a major government was to start doing it?

Nope, they don't know about bitcoin that's why they don't any care about care. All they want to do is to stop the war and back to their normal life and environment.
You are making me feel like we are talking about a new born baby, not the political world of cunning people. There is no way that governments are still not aware of it. Those people first priority is they themselves. However, any government collecting BTCs will have an upper hand at the time of world crisis.
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