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Because quite simply, they can't. To buy it, they would borrow the money from China. China would provide it by using the BTC they own at whatever price they ch
by hkarthik 13y ago
Because quite simply, they can't.
To buy it, they would borrow the money from China. China would provide it by using the BTC they own at whatever price they choose to sell it at.
- drabiega 13y agoThey most certainly would not have to 'borrow it from China'. If for some reason they wanted to do this, they would just have to sell some securities, most of which would be bought by U.S citizens, the main holders of U.S. Government debt.