• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 15, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

Why doesn’t the government just print money and buy Bitcoins?

by Reshab Agarwal
July 19, 2021
in Bitcoin, Crypto, News, Trending
Reading Time: 2 mins read
0
Why doesn't the government just print money and buy Bitcoins?
TwitterWhatsappLinkedin

Why doesn’t the government just print money and buy Bitcoins? This is something we all must be wondered about at some point in time. And the question is justified as we often see the government releasing stimulus checks of trillions of dollars. Well, the thing is, they have the power to do that, but there are a lot of problems associated with it. So, let’s take a look at them.

You might also like

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

Boeing Lays Off 180 Engineers in Bengaluru Amid Global Restructuring Drive

NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

The problem with this idea

It does seem to be a brilliant idea to make money, but in such a case, the price of BTC will skyrocket, and this will lead to a hyperbolic bull market. And in such markets, often the retailers lose money. It will also make many individuals super-rich, giving them a lot of power which will disturb the government. Another important thing to note is that the federal reserve also needs to agree to the idea of buying Bitcoins with the money they print. The power of printing money doesn’t actually lie in the hands of the government but the central bank.

Why doesn't the government just print money and buy Bitcoins?
Image Source: Forbes

Printing money to buy Bitcoins will also lead to hyperinflation, which will further push down the value of the dollar. And the government wouldn’t obviously want that the dollar goes down in value while BTC increases. This is why as of now, the only medium of acquiring BTC for the government is through confiscations. They generally confiscate Bitcoins from criminals and auction them later when they deem fit.

I don’t think that the US government yet sees Bitcoin as a rival to the dollar. And this is why they will be least interested in printing money to get their hands on some.


I hope that now you understand why doesn’t the government just print money and buy Bitcoins? The only answers I found to this question was on quora which I referenced to write the article. What do you think about the same? Let us know in the comments below. Also, if you found our content informative, do like and share it with your friends.

Also Read: Bithumb breaks trademark partnerships with 2 foreign exchanges.

Tweet54SendShare15
Previous Post

Bithumb breaks trademark partnerships with 2 foreign exchanges

Next Post

All You Need To Know About Multichannel Inventory Management

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

by Anochie Esther
June 15, 2025
0
Boeing 787-8

India’s civil aviation sector is in mourning following one of its deadliest air disasters in recent history. An Air India Boeing 787-8 Dreamliner en route to London’s Gatwick...

Read more

Boeing Lays Off 180 Engineers in Bengaluru Amid Global Restructuring Drive

by Anochie Esther
June 15, 2025
0
Boeing

In a significant development that reflects the ongoing turmoil within the global aerospace industry, Boeing has laid off up to 180 engineers from its India operations as part...

Read more

NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

by Rounak Majumdar
June 14, 2025
0
NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Gensol Engineering Limited (GEL) and its subsidiary, Gensol EV Lease (GEVL), into insolvency proceedings following a petition by...

Read more
Next Post
All You Need To Know About Multichannel Inventory Management

All You Need To Know About Multichannel Inventory Management

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?