Q+A Corner | Bitcoin on the Federal Reserve’s Balance Sheet and a Web3 Developers Union
Markets Outlook
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Should the Federal Government Hold Any Bitcoin on Its Balance Sheet?
In a rational world, the US government would use Bitcoin as effectively a replacement for gold. The challenge with not having something like gold or Bitcoin as the backing for money is that then government can effectively just do whatever they want. Governments around the world view any sort of competition to their local currency monopolies as something that is existential because it is by spending more money than they would if they were on a system where they were limited in resources.
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