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You are talking nonsense. If you borrow $100 to buy bitcoin, you owe the $100 + interest to service the debt. The govt is planning to hold the BTC forever, inte
by chairmansteve 2y ago
You are talking nonsense. If you borrow $100 to buy bitcoin, you owe the $100 + interest to service the debt. The govt is planning to hold the BTC forever, interest is 4% a year, currently. That debt will be paid either by your taxes, or by money printing, leading to inflation. Sure, maybe btc will go up. Or maybe it won't.
Is it the government's job to speculate on crypto. If you think it is, why only crypto? Why not shares? Why not property?
- kjksf 2y agoIf government spends $100, did that $100 came from taxes or from selling bonds (which you call "debt"). I object to calling it "debt" because you can't tell. And my greater point was that buying a liquid asset is neutral to, let's call it, "net worth" of country. The government does "speculate" on gold. That is the closest equivalent. Gold is a hedge against declining value of a dollar, just as Bitcoin would be.
- chairmansteve 2y agoA bond is literally, by definition, a debt. You are betraying your ignorance. I am not engaging further. Go and educate yourself.