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A comment on BadEconomics: Putting $400M of Bitcoin on your company balance sheet. Parent comment

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by arcticbull on Monday January 04, 2021 @02:26PM (#25636572)
You absolutely could use gold to back your personal economy. Put dollars into an InteractiveBrokers account, buy GLD. Use your IBKR debit card to borrow against your GLD on margin. Pay it off at the end of the month. You can back your personal economy with literally anything you want that way.

That's the magic of fiat currency.

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