Country Investing In Crypto(Bitcoin)

[enterprevic]

I was just thinking and then this thought came up in my head.

is it possible for countries that have to borrow money to fund their budget set aside a lump sum of money lets say $5Million dollars to invest in bitcoin. Because if they can then its going to be a nice one for the country and every investor in bitcoin.

Take for example bitcoin was nearing $1K January 2017, now we're in October and the currency is almost 6X more than the value from January. So if a country invested $5Million in bitcoin, it could cash out almost $30Million by now, but then I'm bothered because since bitcoin guarantees anonymous transactions government officials in-charge of managing the accounts can keep moving money out of the account.

What are the PROs and CONs of this kind of stuff?

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[Coffee135]

In many countries there is no money. They are in debt. What exactly can they invest? Who will risk the money of the budget? Why don't you think that bitcoin was invented by the American intelligence agencies to collect the inflation dollars from around the world and then bankrupt bitcoin? As you are such a conspiracy theory?

[TorbjornE]

Everything is made easier:
Bulgarian law enforcement agencies uncovered a network of smugglers who used bitcoins in their machinations. The found crypto currency was confiscated by the police.
According to Coindesk, in total more than 200 thousand bitcoins were confiscated. According to the latest data on the course of the crypto currency, the authorities of the country received more than $ 3 billion.

[jefbigbob70]

High level of volatility. Lack of financial security(provision, procuring). The probability of a drop in the rate of bitcoin at large volumes of its reverse conversion to fiat. The unclear legal position of bitcoin does not allow countries to invest in it.

[owlman]

I was just thinking and then this thought came up in my head.

is it possible for countries that have to borrow money to fund their budget set aside a lump sum of money lets say $5Million dollars to invest in bitcoin. Because if they can then its going to be a nice one for the country and every investor in bitcoin.

Take for example bitcoin was nearing $1K January 2017, now we're in October and the currency is almost 6X more than the value from January. So if a country invested $5Million in bitcoin, it could cash out almost $30Million by now, but then I'm bothered because since bitcoin guarantees anonymous transactions government officials in-charge of managing the accounts can keep moving money out of the account.

What are the PROs and CONs of this kind of stuff?

You have global thoughts!) Do you think, in the end, not many countries have taken bitkoyn, and its cost is unstable, so I think that it is unlikely to be in the near future.

[ahmad21]

I was just thinking and then this thought came up in my head.

is it possible for countries that have to borrow money to fund their budget set aside a lump sum of money lets say $5Million dollars to invest in bitcoin. Because if they can then its going to be a nice one for the country and every investor in bitcoin.

Take for example bitcoin was nearing $1K January 2017, now we're in October and the currency is almost 6X more than the value from January. So if a country invested $5Million in bitcoin, it could cash out almost $30Million by now, but then I'm bothered because since bitcoin guarantees anonymous transactions government officials in-charge of managing the accounts can keep moving money out of the account.

What are the PROs and CONs of this kind of stuff?

Haha do you really know what the hell are you saying? Okay lets take it this way according to you govt should set aside some part of its budget to invest somewhere and earn returns? Why don't they just make a fixed deposit or buy a mutual fund?? Its because governments have no real money. All they have is printed paper which they circulate to people acclaiming it money. They already have a deficit in their budget so they don't have any funds to invest in it. Moreover the 6 times money they are making is actually nothing for them because its the same debt that they had issued.

[herecomesjohnny]

In many countries there is no money. They are in debt. What exactly can they invest? Who will risk the money of the budget? Why don't you think that bitcoin was invented by the American intelligence agencies to collect the inflation dollars from around the world and then bankrupt bitcoin? As you are such a conspiracy theory?

This is quite true! A lot of the countries are in debt depending on the unions with the countries they are with. Take in an example the EU. A lot of the countries have entered into it and now are struggling towards tracking the progress of this same alliance. They must borrow the money from the EU representatives that are in control of the financial asset to achieve the requirements for staying in the EU.

Bitcoin, even if can turn the tides around and help the country in some way by my opinion, is very risky move and even if the country would invest into decentralized currency they would have to elaborate their actions to the representatives of the EU and to other countries. Money cannot disappear just like that and I think that the most countries wouldn't approve such actions.

[ronics]

             In many countries here is nothing about money and many poor people knowing around us .
Everything is in debt .so you should all invest I and who will risk the moment for a budget .but you
Can imagine that bitcoin was investors USA intelligence agencies to depreciate the dollar inflation
Around the world and then bankrupt .as a comparative theory .cryptocurrency is the authorities in
other countries or receive more than $billion dollars as I all earn investor in bitcoin ..

[Slash61]

IMO,should some countries that ban bitcoin should consider the positive side of this crypto world, do not think of the negative side only. This would be a good thing for a country where the majority of the population is low-income. Should some countries that ban this crypto world should imitate developed countries like America and Japan.

[squatz1]

In many countries there is no money. They are in debt. What exactly can they invest? Who will risk the money of the budget? Why don't you think that bitcoin was invented by the American intelligence agencies to collect the inflation dollars from around the world and then bankrupt bitcoin? As you are such a conspiracy theory?

I wouldn't say that's a fair excuse, as there are many nations (take China) that are in debt and are investing their money as they're in debt, so they're just able to take out bonds and then invest it in different places.

But I doubt governments would get involved in crypto, it goes against them fully -- they'd be lobbied to stay in safer things to keep the countries economy safe.