Questions on Governments Holding Bitcoin or any finite cryptos.
I been read watching the evolutions of what defines the value of cryptos. It is a bridge between different demographics without the centralization of governments because the government cannot print more (hence safe from money printing). Great!
Now with the issuance of bitcoins being harder and harder, due to competition between differenting mining pools and (from literature) harder to solve to gain rewards. (Meh, great so its becoming less likely to have more in the open)
Some people have lost their cold storages ( so there probably a lot to circulate once all is mined soo.. less than 21M)
Now If federal reserves and companies buy or just mine and hold cryptos (wont that end up with these entities buying these all these up). If that is the case, wouldnt they have the power to revalue these assets any time they want, like if they were to QE some cryptos by releasing their holdings into the wild.
So what is the game here? is it to hold before it gets to the point where they wont buy anymore? Is the crypto regulation a tactic to lower the price to buy at a lower dip? Will these regulations restrict down what we can trade it for?
[link] [comments]
from Bitcoin - The Currency of the Internet https://ift.tt/7O1eKlh
No comments