$Bitcoin (BTC.CC)$ everyone is talking about US strategic Bi...
$Bitcoin (BTC.CC)$ everyone is talking about US strategic Bitcoin reserve, pumping up the price, and assuming the US government to buy at 200k from you?
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见晴天 : China has banned the trading of virtual MMF, only the USA and the West trade with virtual MMF.
火炎焱 见晴天 : Who will be the 'leeks' in the A-share market? If virtual currencies are allowed to trade.
EZ_money : nobody is talking about it but media and BTC bulls, but what they aren't telling you is that it's not reasonable to use as a reserve
EZ_money : and most people laugh at it ...a reserve of air coins
火炎焱 EZ_money : But if institutions and banks hold btc does it stabilise the volatility of btc like gold hence why trump suggested a reserve currency? What are your opinion?
102718533 OP 见晴天 : Have you ever thought about it? The USA will not allow Bitcoin to become too strong, as it would threaten the status of the US dollar. If all governments establish Bitcoin reserves, who would still need dollar reserves?
EZ_money 火炎焱 : possible... could also lead to massive selling
火炎焱 见晴天 : The Chinese government believes it's better for the common people to invest their money in the Chinese market rather than sending it abroad. Self-protection?
火炎焱 EZ_money : I feel the difference between gold and btc is gold has much more utility as compared btc because btc can only use as transaction while btc has scarcity as compared to gold to counter inflation
EZ_money 火炎焱 : BTC is not gold. gold has uses. BTC doesn't
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