Everybody talking about economy reopen but problem

[error08]

Banks govermemts need to put alot money in btc and eth
This way there is not so much money so no inflation

LoL, so funny, the money still there, it's not vanished into thin air.
spend 60% money on btc and eth will cause a sudden pump to crypto and it will crash afterward because people cash out take profit, it becomes fiat currency once again, an endless cycle.
After all, it's an impossible idea from the beginning.

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[iamsheikhadil]

60% of the total world wealth into crypto? Lmao. That will create more problems than there can be any problem by simply reopening markets and economy. Plus, many governments and politicians are against crypto and many are for their lack of knowledge about crypto and neither do they want to learn about it so why would they do that? They just get their salary and enjoy their lives.

[OpenCryptoSystem]

Banks govermemts need to put alot money in btc and eth
This way there is not so much money so no inflation

LoL, so funny, the money still there, it's not vanished into thin air.
spend 60% money on btc and eth will cause a sudden pump to crypto and it will crash afterward because people cash out take profit, it becomes fiat currency once again, an endless cycle.
After all, it's an impossible idea from the beginning.

People dont cash out if bAnks and goverment are biggest holders
Well you can put sell order to you sell all your coins but whos gona buy ? The banks !
And then you want to buy ? You put buy order 500k they dont sell you put even "3 mil they still dont sell
U see who got most of the coins will decide

[aysg76]

Firstly, they won't invest in stuff they can't control.
Secondly, if they do then they will be in control soon as a major amount of coins will be in there hold.

[bits4books]

"Let's print a lot of money and then invest it in ETH so that everything would be fine" - this is certainly an interesting and entertaining idea worthy of doctoral dissertation and study in advanced universities... Only here, except in medical universities, in the study of mental disorders.
I will tell you a secret - if you pour a lot of other currency into one currency, then the second currency will not become more valuable. Why? Because it still comes from the first one.

[OpenCryptoSystem]

"Let's print a lot of money and then invest it in ETH so that everything would be fine" - this is certainly an interesting and entertaining idea worthy of doctoral dissertation and study in advanced universities... Only here, except in medical universities, in the study of mental disorders.
I will tell you a secret - if you pour a lot of other currency into one currency, then the second currency will not become more valuable. Why? Because it still comes from the first one.

Its for protection against inflation and hyperinflation
Too much money in the world it need to be on btc or eth
The btc and eth are good way to put most of the money on there
This way  the value of fiat is good i dont like inflation
You dont like inflation

[Casdinyard]

In the first place, do government have the rights to risk the money of their people? Definitely not. Taxes are meant for funds to be used only in different sectors, including their plans for the betterment of a country. "But their intention is to make the funds bigger", If we are having assurance in this market, all of us should be rich by now. The market is volatile in nature which gives or makes risk from doing so. Also it will be against the society. Ofcourse if it will be effective, many people will be happy but if it is not, then expect the worst. Given that assurance is lacking, governments should be only focusing to what's best for the money without considering any risk.

[Princejebs]

Your comments sound like that of junior member.   it's a joke by the way.
Banks doesn't work the way you view it and you don't just wake up one night and assume bitcoin will go to $500k, what if the price tank back to $5k,how are you and the bank justify such an action ( just an assumption).
Some private banks hold bitcoin including their employers, so the idea of th getting on baord is something of the past but thinking the way you assume is a no no for the banking sector.

[FlightyPouch]

They are having a problem managing the funds to be able for that fund to go around the country. If they will be putting it all on crypto currencies jus because it pumps in a week or two, they will never be able to make that fund go around. Right now, they should focus on managing the risks that can cause them more money in the future because of this pandemic.

[Twentyonepaylots]

Lol this will only inflate the value of fiat currencies even more, maybe even make them obsolete if you're going to transfer that much money into the system. The market and the system is fine the way that it is, it may not look as good as it was in the past, with the help of competent leadership we should be able to get past this problem. Just keep the faith guys and remember, more USD doesn't mean better.

[AndySt]

In the first place, do government have the rights to risk the money of their people? Definitely not. Taxes are meant for funds to be used only in different sectors, including their plans for the betterment of a country. "But their intention is to make the funds bigger", If we are having assurance in this market, all of us should be rich by now. The market is volatile in nature which gives or makes risk from doing so. Also it will be against the society. Ofcourse if it will be effective, many people will be happy but if it is not, then expect the worst. Given that assurance is lacking, governments should be only focusing to what's best for the money without considering any risk.

At the same time, the economic activity of any state in any conditions will be carried out in the national currency. I am not sure that the money collected by the state in the form of taxes and payments should be withdrawn from circulation and stored in any form, and even more so serve as an object for speculation, which, indeed, due to the very principles of the market, can both experience a strong rise and collapse. The only thing that can be said is the inclusion of cryptocurrencies in the gold and foreign exchange reserves of states, but this is still far away.

[Shasha80]

Although the idea sounds a little ridiculous, it would be very interesting if the government dared to do this by investing in large amounts of Bitcoin.
But I doubt the government will do that, because as we know it has been more than 11 years that Bitcoin has grown very rapidly. Never mind
investing in Bitcoin, legalizing Bitcoin alone is difficult for some countries to do this. So it is impossible for the government to do this. Because basically,
the government doesn't like Bitcoin, which cannot be controlled.

[Lorence.xD]

Although the idea sounds a little ridiculous, it would be very interesting if the government dared to do this by investing in large amounts of Bitcoin.
But I doubt the government will do that, because as we know it has been more than 11 years that Bitcoin has grown very rapidly. Never mind
investing in Bitcoin, legalizing Bitcoin alone is difficult for some countries to do this. So it is impossible for the government to do this. Because basically,
the government doesn't like Bitcoin, which cannot be controlled.

Don't tolerate the idea, it is a real bad thing no matter what. If they were to do that then that means that if the prices increases then a lot of people will definitely see it as an opportunity to sell their bitcoin which will contribute to the lowering of the prices of bitcoin. The only way to make the economy reopen stronger is to get back to status quo faster and more efficient than ever because the money that was injected is going to be causing a shock if the reopen is too slow, with many people buying the supply but the supply is not getting replenished the prices will definitely go up.

[kiki889988]

Yes, that's a good idea because maybe expect gold, bitcoin is the best way to face the high inflation.

[uneng]

If we open like this its economic problem
Solution is to transfer 60% world money and capital in btc and eth  so by march i hope btc price 500k eth 50 at least This is needed to save economy to prevent the high inflation we need to put most of the wealth on eth and btc
We need also to do this becouse i hodle btc and eth.

Banks govermemts need to put alot money in btc and eth
This way there is not so much money so no inflation


Genius just genius

Do you mean private or public capital? Anyway world leaders would be crazy to put 60% of total funds in crypto currency with serious risks of outside manipulation by wealthiest nations such China. A very dangerous game.
And on that situation, with less fiat circulating wouldn't the price of all goods and services increase within btc price? Or wouldn't most people stop working as they would be *rich* after a massive bitcoin pump (also ruining the world economy as without work there isn't production and without production there isn't economy)?

[KEN C]

There are pros and cons in everything, let alone the reopening of the economy.
With the rapid development of economic globalization, is it necessary to close the country like China's Qing Dynasty if it does not reopen? What's more missing is a good thing.
In addition, the reopening of the economy can export high-value goods, import accessories, use cheap labor, etc. These are all advantages.
Don't be frightened by its shortcomings, it is the right choice to follow the global development trend.

[whyrqa]

The economy will begin to recover only if small, medium and large businesses reach the level of activity that was before the quarantine in early 2020. today, there are many restrictions for society and for business, which are associated with coronavirus and vaccination. Based on this, the resumption of economic growth is postponed indefinitely.

[decodx]

Its for protection against inflation and hyperinflation
Too much money in the world it need to be on btc or eth
The btc and eth are good way to put most of the money on there
This way  the value of fiat is good i dont like inflation
You dont like inflation

Tell me something, when you "put money on BTC and ETH", where does the money actually go?
You may want to retake the course where you were taught the fundamentals of the monetary economy.

[AndySt]

The economy will begin to recover only if small, medium and large businesses reach the level of activity that was before the quarantine in early 2020. today, there are many restrictions for society and for business, which are associated with coronavirus and vaccination. Based on this, the resumption of economic growth is postponed indefinitely.

It depends on what to compare, because any resumption of economic activity after the lockdown of small, medium and large businesses a priori leads to the beginning of recovery due to the effect of a low base. Another question is that the recovery of business to the level of the beginning of the pandemic may take several years, because everything will not happen immediately and for sure the improvement of the situation will alternate with the deterioration.

[worle1bm]

If we open like this its economic problem
Solution is to transfer 60% world money and capital in btc and eth  so by march i hope btc price 500k eth 50 at least This is needed to save economy to prevent the high inflation we need to put most of the wealth on eth and btc
We need also to do this becouse i hodle btc and eth.

Banks govermemts need to put alot money in btc and eth
This way there is not so much money so no inflation


Genius just genius

But why would they put their trust In decentralised cryptocurrencies like Bitcoin and ETH and loose control over the financial system of their country.This is what they are afraid of and OP you are saying of shifting 60% of $133 trillion in btc and ETH and when price rise they can solve their economic issues which is not at all possible.No doubt you are thought are good but you idea cannot be implemented in practical life because there are certain factors which need to be considered like inflation rates which can have negative impact on prices, security breach and we just loose national wealth within seconds and many more so it's just impractical.So who will convince government to do so it's hard to to conceive them btc is really useful payment method which can be used by them and you are talking at another level so just keep your aspirations down.