Is there even a downside for any given country to print a bunch of money and buy a ton of bitcoin??? Seriously astounded if none have done this yet
Discussion
Russia is basically doing it through financing mining with printed rubles. There is so little supply available that any nation state level purchase would likely send prices to the moon. My guess is this is the impediment to a seemingly obvious play.
Not many countries want to willingly short their currency.
I’m referring to countries that know hyperinflation is imminent, maybe it’s just hard to time
Doubt, for most govts fiat is their root control, bitcoin is guest access for govts unlikely to happen.
It's possible, but then exchanges will be left holding the bag.