Vito on Nostr: EconomistaAustriaco Where will the US Government get the money to buy bitcoins for ...
EconomistaAustriaco (nprofile…9l4m)
Where will the US Government get the money to buy bitcoins for the Bitcoin Reserve? As long as its expenses exceed its income by $2 trillion, the Government can only buy bitcoins in two ways: a) by not paying off its debts, b) by printing money out of thin air. If it starts printing money, not only the price of bitcoin will rise, but also the prices of other goods. So instead of celebrating the Bitcoin Reserve, we should think about the consequences.
#bitcoin
Where will the US Government get the money to buy bitcoins for the Bitcoin Reserve? As long as its expenses exceed its income by $2 trillion, the Government can only buy bitcoins in two ways: a) by not paying off its debts, b) by printing money out of thin air. If it starts printing money, not only the price of bitcoin will rise, but also the prices of other goods. So instead of celebrating the Bitcoin Reserve, we should think about the consequences.
#bitcoin