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by imtringued 1873 days ago
>They'd rather make a quick buck and disregard the fact that this takes away our government's sovereignty.

This isn't true. For every person buying Bitcoin thinking they are hedging themselves against inflation there is someone who sells Bitcoin because they think the exact opposite. So this doesn't take the government's sovereignty because someone ends up with a lot of USD at the other end and you can still apply things like negative interest rates on accounts with huge balances.

Ironically Bitcoin is a very poor inflation hedge because of its periodic bubbles and extreme volatility. The bubble can pop exactly the moment inflation goes up and ruin the "hedge" until the next bubble exceeds the current all time high again.