The United States intends to sell gold and hoard Bitcoin?
A senator ally of Trump proposed that the Federal Reserve sell some gold and buy 1 million Bitcoins as the strategic reserve of Bitcoin that Trump wants to make.
This may sound outrageous at first, but it actually has its theoretical support.
In each round of dollar over-issuance cycle, the United States will look for a new anchor. The Bretton Woods system was gold, then oil, and now it is the credit of US debt.
But as the credit of US debt gets lower and lower, the United States must find a new anchor to take over the over-issuance of US dollars.
Of course, Bitcoin fluctuates too violently and is not suitable as a legal currency anchor, but the United States can anchor most of it to US debt and part of it to Bitcoin, and then use Bitcoin as the next dollar reservoir to push up its price, thereby maintaining the relative stability of the US dollar.
Bitcoin has another advantage: this thing is a virtual asset and will not have a serious impact on the real economy, because it is not used in the production and sales links. As long as it is not circulated, the $1 million per coin will not cause hyperinflation.
As the purest and most powerful financial capitalism in human history, never underestimate the ability of Americans to manipulate financial assets.
Just like us, we are the most powerful industrial country in human history, with production capacity that is unmatched in the world, so no one should underestimate China's production capacity.
Originally, the two sides are perfectly complementary: the United States uses money to buy our products, and we make money through production and manufacturing. It is simply a match made in heaven.
But now, the United States wants to promote the return of manufacturing through capital; and we want to promote the internationalization of the RMB through products to get rid of dependence on the US dollar. There is no solution.
Don't ask me what to do. I don't know what to do. I can only hope that one side will generate electricity with love, just like Minister Ma. #交易所BTC储备量创2018年以来新低
