#AUStirches Have is got this right? If governments adopt Bitcoin as a reserve asset. As adoption increases, its value will rise leading to capital gains for the country. These gains could bolster fiscal budgets, reduce debt, or fund development projects. The earlier adopters eventually end up with surpluses which could fund public services, reduce taxes, and/or provide subsidies to citizens thus raising the living standards for all not just the people closest to the money printer. #asknostr
Replies (3)
Theoretically yes. But this assumes the status quo remains with capital gains tax only being applied to realised gains.
I have zero faith that the government won't paint early adopters as the cause of the collapsing system and implement unrealised gains to effectively steal our Bitcoin.
if that is the case I guess you have to be prepared to relocate to a country that treats you better and/or go boating
The only reason Trump wants a Bitcoin reserve is because he's an idiot.
He's literally declaring that the US dollar isn't worth shit.
Why the fuck world the world use the US dollar as a reserve currency if the US president doesn't have faith in it
"An empire topple by its enemies can rise again. But one which crumples from within? That's dead, forever." - Helmut Zemo
