Re: How will other nations respond to US Bitcoin reserve proposal?
I have been thinking about some of the things that happened this year as they relate to Bitcoin and what could possibly happen next year. One thing that that filled my imagination is the reaction of other countries should the US start accumulating Bitcoin based on the promises of President Donald Trump. If this happens, chances are high that nations will be dragging who will hold more because no one wants to be left behind. Imagine what this will do to the price of a Bitcoin.
Anyways, this is just my imagination
Anyways, this is just my imagination
If this really materialized then other country will watch closely on the result since it will need some time in able to check the outcome. The question here is whether US is willing to become trial version country for this kind of risky move?
I’m sure many country will follow if this proposal is proven effective. I’m more concerned if this proposal will be accepted rather thinking on what will be the move of other country.
There will be a few other scenarios that could happen but most probably other countries will not wait for the 200K BTC to be bought by the Trump admin, other countries will be buying. I think they are even buying now as Trump planned it yet.
Other countries will be seizing BTCs from the crypto businesses in the country. They will start accusing the local exchanges and the wallets most probably.
Maybe extort the CEOs, 3rd world countries are known to have done crazier stuff.