Could Bitcoin Bankrupt The US Government?
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 Published On Feb 21, 2024

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In this video, I discuss the doom loop that could be set into play if enough entities sell off some of their US Treasuries and buy BTC with the proceeds.

By doing so, they marginally push up the price of BTC vs the US dollar, thus attracting more people to Bitcoin-- while at the same time pushing down the price of US government bonds, and thus increasing the interest rates at which the US government is forced to borrow.

If the Federal Reserve, as the buyer of last resort, steps in to buy these Treasuries that no one else wants, it must do so with freshly printed USD, which further strengthens BTC against the USD, thus creating more and wealthier Bitcoiners.

The only way for a highly-indebted government to protect itself from this kind of doom loop is to buy BTC and hold it in government coffers.

Remember to vote with your own money and think long and hard about what entities you choose to fund with it.

I've chosen Bitcoin, the neutral and ethical money for 8 billion people.

Not investment advice! Consult a financial advisor.

Watch these 2 videos first:
   • Coinbase's Bitcoin Will Be Seized  
   • Bitcoin 6102 Attack (How To Protect Y...  

Why Russia and Japan are not buying more US Treasuries:
https://www.bloomberg.com/news/articl...
https://www.bloomberg.com/news/articl...

How much Bitcoin owned by corporations:
https://bitcointreasuries.net/

Apple's holdings of US Treasuries:
https://d18rn0p25nwr6d.cloudfront.net...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

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#crypto

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