The original post: /r/bitcoin by /u/GuruKid87 on 2024-11-15 01:23:48.
All in on the idea of the US holding Bitcoin on its balance sheet. But if the end goal is to *switch* entirely to a hard money system, the government needs to start taxing in Bitcoin.
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It’s how any currency gets its value in the first place. Good explanation here: https://u.osu.edu/extensioncd/2018/01/04/why-money-has-value-and-the-national-debt/#:~:text=The%20answer%20to%20these%20questions,and%20then%20strike%20a%20deal.
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US debt/gdp is high enough already. Adding Bitcoin might improve the capital account of the US treasury but in the short term it’ll be more printing, higher debt and inflation.
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Taxing everyone 0.001 BTC would be a very small amount but would incentivize all taxpayers to have a wallet and trade their $ for BTC. It would set the first real world value to Bitcoin in terms of denomination.