can states buy all bitcoin?

[chesegrinder]

is a state or one person one half of the bitcoin or 3/4 of the bitcoin it will loose it popularity and no one play in the market as it will circulating and revolving in the exchange. Users will lose their appetite in the situations. Remember If one will just hold all the coins it will increase it price but suddenly it will crash and all will sell their coin.

[paul00]

If that would happen, they will surely benefit on that set up , on that ownership. but it might be hard for us to engange more in trading of bitcoin since it might increase the buying price of each coin which will not be beneficial for us. They will have the power to fluctuate the price of the bitcoin since the ownership was on their part. This was just my opinion.

[androidpobeditel]

Recently I heard that in Russia, the Central Bank is going to transfer part of the money to the cryptocurrency. This can affect the price of bitcoins. This is worth thinking about.

[devinks]

Buying all those bitcoins can be but they need huge amount of money too, but the advantage. the owner can manage and control the bitcoin price as desired

[AGD]

They can't because I don't sell.

[DoublerHunter]

They can buy bitcoin but not all of the bitcoins because we know that there is a millions of holding of satoshi nakamoto who creates bitcoin and for sure they will not be able to buy all the bitcoins because of that and there is still a lot of bitcoins to mine so it is very impossible for the states to buy bitcoins (all).

[Chanock]

In my opinion it cannot happen that one state get all bitcoin because bitcoin is spread out in the whole world of crypto community. In one side bitcoin is unpredictable and no one organization can hold it.

[Redanim]

It's impossible, I think so, states already have debts in unreal cosmic limits, they of course are interested in bitcoins and cryptocurrencies, but not to the point of buying all bitcoins, buying all bitcoins requires a sharp reason.

[mdripon]

what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.

the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.

but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.

it is not possible that, all bitcoin buy one government or one man. because bitcoin have many peoples they do not sell. they do store for future. so i think this not at all.

[NelfiNovita]

not possible, because the state alone forbids the use of bitcoins and it is impossible to buy crypto for no reason. if it happens then bitcoin will lose its popularity and we will hard to get btc, it could be its price will be much more down.

[Indrawan77]

Sure the states can buy all the bitcoin but there wont be any usage, if they print out fiat to buy bitcoin then their fiat value will go down significantly because buying all bitcoin is a huge amount of money, and then when bitcoin is monopolise by a single state without any circulation the value will become zero and  people will just find other coin to invest, so there is no point to monopoly bitcoin

[NelfiNovita]

It would push the price of bitcoin to the point where they would fail to buy them all. As long as there is even one bit out there, it can be subdivided. It would just change the unit price of a bitcoin, and people would transact fractions of bits.

it is unlikely that the state can buy all the bitcoins because the people keep them for a particular purpose just for investment and it is not possible to sell them to the country unless the country can afford it at such a high price

[silent17]

what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.

the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.

but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.

To be honest, i don't beleive tha a single organization or state can acquired all bitcoin in the world, because not all people are willing to sell their bitcoins,
But let assumed that bitcoin really is acquired by only one state, they must have a lot of money, and has the highest currency in the world. If that happen bitcoin will be stable like dollar or any other currency not unless they have transaction outside their state.

[nidacoinlove]

Sure the states can buy all the bitcoin but there wont be any usage, if they print out fiat to buy bitcoin then their fiat value will go down significantly because buying all bitcoin is a huge amount of money, and then when bitcoin is monopolise by a single state without any circulation the value will become zero and  people will just find other coin to invest, so there is no point to monopoly bitcoin

Yes exactly any state don't need to buy bitcoin for the purpose to dump it. State is always powerful and they don't need to dump bitcoin but if they don't like in their country they will simply ban it. We already have seen Russia and China who has banned bitcoin. If not Russia, China has the power to buy a great amount of bitcoin but Chinese government didn't do it but banned bitcoin and closed all the crypto exchanges in the country.

[bubblebit]

A good question indeed and honestly this is the first time I heard about this kind of possibility.
But unfortunately I can’t make a technical answer for it because of many factors regarding economics that I couldn’t understand but in personal opinion I think it will happen but I hope it won’t. Let see what future brings and will happen and if this be a reality we will know if the government will do that desperate moves themselves or the law will allow them especially they’re using a public funds and those must be approved by the people or the citizens they serve.

[DarkIT]

I do not know, currently the bitcoin price is too high, and the amount of bitcoin has now been overwhelming. maybe, after buying all the bitcoin, the country will go bankrupt. I am sure, it is very difficult to buy all the bitcoin, even for a country.

[hatshepsut93]

Just like with other assets, you simply can't buy all Bitcoins because only a fraction of existing Bitcoins are for sale. People are often being misguided by marketcaps, thinking that they are equal to the total worth of all coins, but reality is a bit more complex. What you really can do is buy all Bitcoins that are on order books on exchanges - that's some dozens-hundreds of thousands coins. As you will be buying, the price will be quickly increasing, so instead of current $5,700 * X, the price will be much higher. After that people will put more Bitcoins for sale at a new high price, so it would be impossible to buy all Bitcoins because the price will be only increasing. And if government will try to print more money to buy more coins, they would just kill the fiat currency and their own economy. This scenario is so unrealistic that there's no chance we'd ever see it happening.

[iloveass2]

How can states can buy all the bitcoin ? The first problem is that people and investors are not going to sell their bitcoin because what if after they sell it with the current price, after a few days bitcoin price goes right up with more profit ? The second is that i guess states don't have enough money to buy all the current bitcoin. If they want to, they need more money in their government bank follow by that they will increase tax fee and the economy will go nuts. And what if they success in collecting all the bitcoin, they sell it with a higher price and the no one's gonna buy it ? They will broke. So it's very risky for states to buy and collect all the bitcoin.

[marcbitcoins]

what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.

the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.

but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.

I think the current huge value may become less or no value at all because the circulation will be limited within in their area only in which all holders will force to sell their bitcoin to that state. If this will happen they can now replace their fiat to bitcoin as their legal tender but the value will be not as expensive as today but it will now depend of their economy status thru foreign exchange rate.

[traderethereum]

what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.

the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.

but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.

then i think they can control the price of bitcoin and they can easily to playing with the price. but i think the states can not risk all of their money to buy bitcoin because they still need that money to make sure the economy of the states can work properly. the most changes that we can see the price will be changing over and over and i think the price might not reach the high price because the states controlling the price to not increase to high but follow what they want.