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Can Bitcoin Take Advantage if the Dollar Is Dethroned from Global Reserve?
0 sats \ 1 comment \ @spiderman 5h bitcoin
Basically, the title.
Almost everyone talks about BRICS currency, global south, and demise of the dollar, but outside the Bitcoin community, hardly anyone else is even aware that Bitcoin exists.
Moreover, the countries that want to dethrone dollar the most (China, Russia), hate Bitcoin with every fibre of their being, whereas the US itself wants to be the Bitcoin superpower of the world, whatever that means.
So basically, does it seem
  • the present administration and Bitcoiners (overwhelmingly American) will be the ones to erode trust in the dollar?
  • and we have to live under another regime like the Yuan as the global reserve, since under no circumstances the CCP can tolerate even the mention of Bitcoin?
Is the future we are walking towards basically involves where America has largely moved past dollar and embraced a Bitcoin standard, whereas other countries continue with their Fiats?
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0 sats \ 0 replies \ @hasherstacker 5h
The future you’re describing is possible, but it ignores a key force: Bitcoin adoption is grassroots, not government-led. America may posture as a “Bitcoin superpower,” but Bitcoin’s open, permissionless nature means any person, anywhere, at anytime, can opt in, without their government’s decree.
China, Russia, or the US can’t stop individuals from storing or exchanging value in sats. Over time, network effects will favor Bitcoin over both the dollar and the yuan, because neither can match its neutrality, scarcity, and openness. The real shift won’t be led by BRICS or Washington, but it will rather be driven by Individuals who quietly exit fiat, one transaction at a time.
Thanks for sharing your thoughts on this.
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