this post was submitted on 18 Mar 2024
276 points (93.1% liked)
Technology
59207 readers
3264 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
And what happens if the government needs that money and Bitcoin price is down?
I don't see how putting national reserves on such an inestable "asset" would be a good idea.
Worse, what happens if cybercriminals are able to successfully steal a large number of the countries bitcoin, or if they somehow lose access to their bitcoin wallet(s)?
He said 'until it's unaffordable' I guess he's using reserves like the way the US does on weapons and military, some of which isn't even for them.
He's investing in what he believes is a profitable investment. I'm guessing that he has financial advice from people that have studied this to a level that can understand it better than most people, and consider it a sound investment. With the intention at the other end being to use for the country. Everything accounted for, nothing going into senators back pockets, could be used to boost their health service and hospitals and whatever else. With countries less built up currently looking more favourable in the future, they're already in a good position.
🤷♀️
As opposed to their national currency... oh, wait! :D