What if the government of a country is irresponsible and issues a large amount of currency to buy Bitcoin?
I really can't imagine this happening to a country, and what are the benefits?
Printing large amounts of money will only create new problems even if they plan to invest in bitcoin. Rising inflation could be the most likely and even they will lose value from currency.
The following is just an illustration when the government prints a lot of money without control, the value of the currency is lost and someone has to carry a cart of fiat currency to buy something. Random image from google.
https://i.imgur.com/XrFp35T.pngWhen I see this picture, should I feel very happy, because I basically use mobile phones for all my living expenses now. If buying a piece of bread requires the money of a cart, I would like to know if the materials used to make banknotes are more expensive than this cart?
