What Happens When the U.S. Government Creates a New Currency?
Hey everyone,
I've been thinking about a hypothetical scenario where the U.S. government creates a new currency, let's call it "Government Coin," to replace the U.S. dollar. I'm curious about a couple of things:
- What would happen to the Bitcoin price if people can't buy Bitcoin with this new Government Coin?
- How would the uncertainty of the value of Government Coin, being different from the U.S. dollar, impact Bitcoin and other cryptocurrencies?
I'd love to hear your thoughts on this!
Thanks!
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