Post
Topic
Board Economics
Re: If the government supports bitcoin instead of the existing currency.
by
barabarian1
on 31/10/2019, 01:34:25 UTC
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

in my opinion the government will only support bitcoin and also adopt blockchain but will not use national credit for bitcoin. because they already have a national currency that must be maintained and controlled and the national currency is also a symbol of a country's economic strength. so I think the country will only provide national credit for their currencies not for bitcoin.