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BTC as Reserve currency

Bitcoin Reddit

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I just posted this as a comments/reply in another thread but I think this deserves to be a post in itself.

I am from India and my country has a total of 572 billion USD as it's forex reserve. If it decides to put just 10% of it in BTC, it's 57 billion dollars. Enough to eat all 2 million BTCs is all global exchanges put together and would still have 17 billion USD to buy from hodlers. This is just one country, and just 10% of its reserve.

Damn, we are so early.

submitted by /u/TheDumbInvesto
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