Which nation-state wants to welcome crypto and solidify their position as leading innovators? Stifling it in your country because you fear your own people, or is it just for petty crony cash, Benny Lawsky? The time will quickly approach and the countries left to squabble over $50k+ bitcoins to fill their crypto reserves will regret such narrow mindedness.
Japan, the phone is ringing...
Japan, the phone is ringing...
Countries might not feel the need to fill their reserves with Bitcoins. They might encourage innovation, regulate bitcoin trades, but buying bitcoins would indicate that they didn't have faith in their own currency. That won't happen quickly.
You are correct, but what about state owned mining operations? Anyways you have a good point I completely overlook in my little rant. To adopt bitcoin, you abandon fiat to some extent