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/biz/ - Business & Finance

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56556341 No.56556341 [Reply] [Original]

The tier has to why it isn’t banned is because if you think about… bitcoin is actually deflationary for a currency. If the US gov sees people pouring billions into crypto, that’s billions no longer going to buying homes, goods, services, etc, so bitcoin actually helps fiat keep its value in a twisted way, it’s just that it can absorb it all so inflation still occurs but the point is, governments actually like bitcoin for this very reason.

>> No.56556391

I believe this isn't as retarded as it first sounds, because some form of investment needs to soak up all the extra money and it eventually causes problems going into real estate (unaffordable housing) and stocks (benefits tech/finance, but kills industry/manufacturing)

>> No.56556992

>>56556341
It reduces monetary velocity which is extremely inflationary.

>> No.56557183

>>56556341
same thing with stocks.

>> No.56557184

>>56556992
exactly, daily reminder that when times got really tough (the great depression) the US government literally banned owning gold