Bitcoin can save the USA and dollar

[DrBeer]

Simple question - why would the US want to do this ?
Why would the U.S. raise some bitcoin that it does not "produce", thus raising the stocks of countries where bitcoin is generated or accumulated in large volumes ? 

At first glance it leads to what you said, but my question is one DrBeer, how Bitcoin will perform in the next few months.??

The answer is very simple now bull market, halving ahead, there will probably be positive news that sec agrees bitcoin-etf blackrock.... Bottom line - UP.
But this is purely my personal opinion, you should not rely on it when investing money.

But what will happen then - it is difficult to say, the historical chart - wave, it is not excluded that the value, for some reasons will be less. It could be market situations, and it could be purposeful manipulation.

Returning to the topic - at the same time, the dollar will maintain its value, quite stable

[shawonngp]

Bitcoin isn't controlled by any authority or country it could be a big reason USA will never buy it. It is high volatile currency it's can be another factor they don't want use it.
Because USD is top currency and it's dominating all over the world, So they will not be interest to transact with other unstable currency where USD is their traditional currency.

[Dr.Bitcoin_Strange]

OP, the government does not like what they cannot overly control, and that's why they cannot use Bitcoin as per your suggestion. Normally, it's known that too much printing of money has caused the money to depreciate in value by reducing the purchasing power of the money, and inflation is increasing. I feel the government is okay with it as long as it's something they can control. Even if they want to bring a solution, there is a simple solution, which is to retract some of that printed money and let a lesser volume be in circulation.

[oktana]

It is unfortunate that it’s not always about what we wish/think. While you’re here thinking and looking for how to stop the printing of fiat, the government is busy printing more. Do you think that the government doesn’t enjoy printing new money? That’s free money, they don’t have to work for it or do anything asides from adding it into circulation. With Bitcoin, they have to buy the Bitcoin with fiat, but what will then be the urge that’ll make them consider doing that? This is why so many countries haven’t adopted Bitcoin yet. Also, if they wanted to, they’ll find a way to make it centralized so that they can track/trace transactions and their owners.

[Renampun]

Bitcoin isn't controlled by any authority or country it could be a big reason USA will never buy it. It is high volatile currency it's can be another factor they don't want use it.
Because USD is top currency and it's dominating all over the world, So they will not be interest to transact with other unstable currency where USD is their traditional currency.

Do you know, that the one that backs up a nation currency is Gold, Bitcoin can actually be a substitute for gold to back up a country's currency, especially, bitcoin has a limited amount, so it will be very good for a state currency to make Bitcoin as a back up from their currency, there have been many countries that reject the dominance of the dollar, each country has its own currency that they must protect, but that was, the US dollar is still strong because international trade using the US dollar is still quite high.

[MegameSama]

if US print money without collateral and buy bitcoins, maybe I'm the one who will sell all my bitcoins without hesitation, imagine the government easily prints money without collateral assets or gold collateral and buys bitcoins in large quantities, and when the price rises they sell and eats all your money lol. I don't think that's a good idea, besides printing large amounts of money will make the currency lose value in the market. It's not very funny that 1 billion dollars can only buy 3 eggs.

[Marvell1]

Simple question - why would the US want to do this ?
Why would the U.S. raise some bitcoin that it does not "produce", thus raising the stocks of countries where bitcoin is generated or accumulated in large volumes ? 

At first glance it leads to what you said, but my question is one DrBeer, how Bitcoin will perform in the next few months.??

The answer is very simple now bull market, halving ahead, there will probably be positive news that sec agrees bitcoin-etf blackrock.... Bottom line - UP.
But this is purely my personal opinion, you should not rely on it when investing money.

But what will happen then - it is difficult to say, the historical chart - wave, it is not excluded that the value, for some reasons will be less. It could be market situations, and it could be purposeful manipulation.

Returning to the topic - at the same time, the dollar will maintain its value, quite stable

Bitcoin will continue to exist and grow stronger. Halving is approaching and we will see bitcoin make a new ATH, which is what bitcoin will do in the coming months. Instead of asking what bitcoin will look like in the coming months, I think we should focus on accumulating bitcoin, we should prioritize this above anything else. Because bitcoin is inevitable, but what will happen to us when bitcoin reaches 100 thousand dollars and we don't have much bitcoin?

Bitcoin was not created to save any country, that is not its mission. Even though I don't like America, I can't think of any reason America needs bitcoin when they are the number 1 power and USD is still dominating the world.

[umbara ardian]

Bitcoin is a unique and independent entity, not designed to save anything or anyone. It exists as its own entity, operating on its own principles and protocols. Its value is determined by its own market forces and user adoption, not by the actions of any government or central bank.

Comparing Bitcoin to the US dollar is like comparing apples to oranges. The US dollar is a fiat currency, controlled and manipulated by the US government and its central bank, the Federal Reserve. Its value is based on government promises and central bank policies, making it susceptible to political and economic influences.

Beside thhe US dollar's value has historically been eroded by inflation, as the government and central bank have increased the money supply. This trend is likely to continue, as the government faces mounting debt and the Federal Reserve maintains an accommodative monetary policy. And bitcoin is potentially stable and globally adopted bitcoin offers a promising alternative to traditional currencies.

[MusaMohamed]

OP, the government does not like what they cannot overly control, and that's why they cannot use Bitcoin as per your suggestion. Normally, it's known that too much printing of money has caused the money to depreciate in value by reducing the purchasing power of the money, and inflation is increasing. I feel the government is okay with it as long as it's something they can control. Even if they want to bring a solution, there is a simple solution, which is to retract some of that printed money and let a lesser volume be in circulation.

It is one of the point, they can not acquire Bitcoin even they have power.

There are sellers and buyers on the market and even they are a massive buyer, they must need sellers to accumulate bitcoin and become a biggest bitcoin holder in the Bitcoin Rich List.

If there are not enough sellers for governments, they will not get enough bitcoin to dominate Bitcoin distribution.

Eventually, if they have enough bitcoins, it won't help them to fix their central banks and inflationary fiat currencies that lose purchasing powers with time.

[Fortify]

Here is how and why , USA want to print Money off course USA china and russia can Do that they are world top export countries.
But If you print too much we all know "inflation"
Bitcoin can solve that problem the way that goverment will buy the bitcoin with printed money so btc price will be high and whenever the USA need to spend on military or something the payment will be done by bitcoins.
Same time fed can print and only small fraction of this printed money goes to people or economy most of the funds must go to the btc and btc will be accepted as form of payment to settle payments.
For example: USA want to buy from china so fed will print money and put this money in BTC the btc price goes up and btc will have value and you buy more with btc than any other currencies.
We are not talking about buying food or small items with btc we talk about export and imports between the countries.
Untfortunately stablecoins not solving the same old problem the inflation.
The bitcoin can solve this problem If countries will place restrictions and rules over fiat currency transactions but instead of fiat they use btc.
Not usa but all the countries can print and allocate most of the money in the btc and then using the btc for payment settlements.

The dollar does not need saving and Bitcoin would not be the one to save it even if it did. Bitcoin simply cannot process anywhere near the required capacity of transactions needed to act as a replacement. The US people actually benefit hugely from being the custodians of the dollar, because they are able to sell debt to overseas buyers - who constantly lap it up because it's so reliable - and get to depreciate the amount of debt they have to pay back by printing money. They gain huge benefits from this and will not easily give up the status quo, but besides the Euro there are not really any other good contenders to act as the reserve currency of the world either. The way you frame this, makes it seem like Bitcoin needs the dollar, not the other way around.

[davis196]

Here is how and why , USA want to print Money off course USA china and russia can Do that they are world top export countries.
But If you print too much we all know "inflation"
Bitcoin can solve that problem the way that goverment will buy the bitcoin with printed money so btc price will be high and whenever the USA need to spend on military or something the payment will be done by bitcoins.
Same time fed can print and only small fraction of this printed money goes to people or economy most of the funds must go to the btc and btc will be accepted as form of payment to settle payments.
For example: USA want to buy from china so fed will print money and put this money in BTC the btc price goes up and btc will have value and you buy more with btc than any other currencies.
We are not talking about buying food or small items with btc we talk about export and imports between the countries.
Untfortunately stablecoins not solving the same old problem the inflation.
The bitcoin can solve this problem If countries will place restrictions and rules over fiat currency transactions but instead of fiat they use btc.
Not usa but all the countries can print and allocate most of the money in the btc and then using the btc for payment settlements.

What if all other countries don't accept Bitcoin payments? You can't buy anything with BTC this way?
Certain requirements should be met, so that a currency like Bitcoin could become a global medium of exchange.
This currency should have stable price/value(Bitcoin definitely doesn't have that) and it should not be manipulated by any country.
Your simple theoretical model shows that USA must manipulate the value/price of BTC and I believe that no country in the world would accept payments in the form of a financial asset, which can be manipulated.
The process of dedolarization was driven by the fact that the USA is trying to weaponize the US dollar. You suggest that the USA should weaponize Bitcoin, but this might lead to "deBitcoinization" around the world.

[EarnOnVictor]

The US could definitely buy a lot of Bitcoin to hedge against loss of purchasing power (which has been done because of their reckless spending, money printing & fiscal policies). Will they do it though, I am sceptical. The last I saw, the US was selling large amounts of Bitcoin that they had stolen confiscated from Silk Road & other illegal schemes.

Can you even hear yourself, the US should buy a lot of Bitcoin to save the economy? Many of you will not stop to amaze me, why talk when you do not have anything good to spit out? If you must know, there are good and valid reasons why countries' governments will never own Bitcoin, legalise it as a legal tender or have a sizeable amount of it. The reasons are in front of all of you but you are turning a blind eye to it or you just don't care, nonetheless, for the government, the risk is just too much for a nation. Leave Bitcoin for us the citizens and leave the government alone.

By the way, what backs Bitcoin? And what would happen to the government funds and the country if anything unforeseen happens to Bitcoin? Do you know the future or has it even helped the economy of the countries who bought it yet?

The US government can't gamble the future of the US with Bitcoin and there are many packages already yielding for the country. The US government owns many assets already and Bitcoin is just like any other investment, so what is special and why must they buy it? Is it to save the US economy, how? This can only get the government richer, not the citizens, so which economy is it helping? I can't even stop thinking why a person would write such without thinking it through. Go and learn economics, commerce and investment maybe you will know the gravity of what you wrote.

The US is a very rich nation and the government is trying its best and doing everything possible for the economy. What will help the US economy are policies, not investments/government's money. Leave the US citizens for the investment part and let the government focus on the policies. For the record, the US citizens already own a sizable amount of Bitcoin, so why the government? You are so funny!

[coupable]

America and all countries involved in the global system are involved with the dollar, considering it the world’s currency on the basis of which prices are determined and exchanges are made. It is a global problem and does not concern the United States alone, meaning that America cannot search for solutions to the dollar crisis in isolation from the rest of the world.
Even if we consider that Bitcoin is capable of solving the crisis, no government will risk using it because of its decentralized nature.

The US could definitely buy a lot of Bitcoin to hedge against loss of purchasing power (which has been done because of their reckless spending, money printing & fiscal policies). Will they do it though, I am sceptical. The last I saw, the US was selling large amounts of Bitcoin that they had stolen confiscated from Silk Road & other illegal schemes.

But the fate of all those confiscated assets is still unknown, and no one ventured to ask how the American authorities might have disposed of these huge sums. The question is raised in ongoing discussions and not in official circles because even the media does not address these points and it does not seem that there are parties responsible for this type of accountability.

[ichsan ardi]

Here is how and why , USA want to print Money off course USA china and russia can Do that they are world top export countries.
But If you print too much we all know "inflation"
Bitcoin can solve that problem the way that goverment will buy the bitcoin with printed money so btc price will be high and whenever the USA need to spend on military or something the payment will be done by bitcoins.
Same time fed can print and only small fraction of this printed money goes to people or economy most of the funds must go to the btc and btc will be accepted as form of payment to settle payments.
For example: USA want to buy from china so fed will print money and put this money in BTC the btc price goes up and btc will have value and you buy more with btc than any other currencies.
We are not talking about buying food or small items with btc we talk about export and imports between the countries.
Untfortunately stablecoins not solving the same old problem the inflation.
The bitcoin can solve this problem If countries will place restrictions and rules over fiat currency transactions but instead of fiat they use btc.
Not usa but all the countries can print and allocate most of the money in the btc and then using the btc for payment settlements.

yes, that's good, but I think making bitcoin for payments in all countries is difficult because the government refuses to do it. I don't know the exact reason why they refuse, all I know is that people don't believe in bitcoin because it's an unclear asset if bitcoin becomes a legal currency in Some of these countries will have a revolution and eliminate inflation because Bitcoin is also limited, only 21 million exist in the world. I still wish Elon Musk once said that the biggest fraud in the world is fiat currency.

[DrBeer]

....

Bitcoin will continue to exist and grow stronger. Halving is approaching and we will see bitcoin make a new ATH, which is what bitcoin will do in the coming months. Instead of asking what bitcoin will look like in the coming months, I think we should focus on accumulating bitcoin, we should prioritize this above anything else. Because bitcoin is inevitable, but what will happen to us when bitcoin reaches 100 thousand dollars and we don't have much bitcoin?

Bitcoin was not created to save any country, that is not its mission. Even though I don't like America, I can't think of any reason America needs bitcoin when they are the number 1 power and USD is still dominating the world.

I have nothing to add to your answer! You evaluate the situation realistically, without paying attention to personal dreams or dislikes. And this is very good - a correct assessment of the situation allows you to draw the right conclusions. Like, for example, the accumulation of Bitcoin since its last fall. Knowing the speculative nature of the crypto market + halving, it is easy to assume that in the medium term Bitcoin will grow. And it was profitable to buy it for 6,000 dollars in those days, to sell it today for 40,000, or in a year, FOR EXAMPLE, for 100,000 dollars!

[harapan]

I don't think the US dollar needs an alternative at this point because they will try to engage in many healthier choices than looking for another means/currency to fix the US dollar.
 But how you think or intend that bitcoin can save the US dollar?Bitcoin is a digital currency while the US dollar is a fiat currency.The US dollar has singlehandedly faced this challenge over the years;they're simply Waiting for the right time I think,they simply have a solution to the existing dollar crisis.

[cakravothy]

until now bitcoin and all crypto currencies all coins including bitcoin and altcoins are difficult to develop in America because they want to legalise only bitcoin ETFs.
so with such a situation it is impossible for bitcoin to save the dollar and the US economy. the USA financial authority or SEC alone always complicates crypto development there how can it save the economy there.

[0t3p0t]

The US could definitely buy a lot of Bitcoin to hedge against loss of purchasing power (which has been done because of their reckless spending, money printing & fiscal policies). Will they do it though, I am sceptical. The last I saw, the US was selling large amounts of Bitcoin that they had stolen confiscated from Silk Road & other illegal schemes.

I wonder if they regret selling that Bitcoins earlier seeing the recent price surge to nearly $50k a couple of weeks ago. 😅 But yeah it is true that the US has this purchasing power to accumulate millions of Bitcoin in todays price but this is tricky since the US congress is composed of pro and anti crypto camps.

[Albarq]

for now bitcoin and cryptocurrencies need an alternative they have made many choices to improve the US dollar but that is all for now it is difficult to develop in America because the SEC authority is difficult to develop I don't know the exact reason they rejected it, the US government with bitcoin has to manipulate the value and I I'm sure many countries don't accept it.

[bitcoin_mining]

The US dollar is a recognized international currency but Bitcoin is not the accepted currency of all countries so far the US dollar will be more accepted than Bitcoin. However, many countries are now positive towards the use of Bitcoin, in that case, if Bitcoin spreads globally, the demand for US dollars will decrease a lot.