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A comment on CEO of a top Bitcoin exchange warns: crackdown on cryptocurrencies may be coming. Parent comment

Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc... by AlexandrB on Monday April 12, 2021 @03:30PM (#26784007)
These are political problems. If you think that an additional form of currency will solve them, I have a bridge to sell you. Even if you convince the US government to switch to BTC (this is probably a harder political project than defunding the defence department), I'm sure they'll think of something if they need to fund a war or two. BTC would be a mere speed bump.
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Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc... by yunesj on Monday April 12, 2021 @04:01PM (#26784417)
Yes, the US can still raise funds other ways. It would still be preferable if they were more transparent about it.

> Even if you convince the US government to switch to BTC

There's no need for that. It would be enough for some people to switch to BTC. I.e., not store their money or denominate their salaries in USD.

As things stand, most wealthy people already store their money in things other than USD that are somewhat less easy to manipulate, like stocks and commodities. It would be nice if this strategy were more accessible to people worldwide.

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