Thatβs not backing, thatβs borrowing money to buy #bitcoin. No matter how much interest the government pays, it will never be more than holding bitcoin in self custody. #NGMI π
Discussion
If you believe that's the case then that's absolute game theory right there. Some country will do it at some point.
The problem is they canβt. In order to back fiat with something, they have to own that something free and clear. So they have to confiscate everyoneβs #bitcoin first to even think about using it to back fiat. Good luck with that π