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by wozniacki
4085 days ago
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A major government wants to store $30 billion of their
own currency in a financial product that will decrease
in value against the dollar more slowly than their
currency. Is there an app that helps governments store
30 billion in assets (or are we naive enough to suggest
that bitcoin is a smart investment?)
Could someone, well versed with central banking methods or fiscal/monetary policy, explain how this works?I'm not very monetarily/financially literate. Why would a country invest in some product that decreases in value in the first place - even if their own country's currency is slowly but surely losing value? By "decrease in value", does the author mean temporarily or in a slow downward trending gradual spiral ? Why not pump the same money into something that is likely to grow in value, like rare earth minerals or into companies that hold rare expertise in battery technology or something similar? edit: clarification |
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