Why Bitcoin is becoming a global reserve asset and a way to drive real economyI try to explain why I believe Bitcoin will become the global reserve asset and an ethical method to pay and being paid, preserving all the value inside the real economy without the need of banks.Bitcoin’s Role and Macroeconomic Shift
Bitcoin doesn’t need governments institutions or even you. But you, institutions and governments all need Bitcoin. Bitcoin is an unstoppable technology destined to push humanity forward. People own Bitcoin because it is apolitical and has succeeded regardless of government actions, not because of what any political leader says or tweets. Government actions or words are just noise for Bitcoin.The current macroeconomic situation can be seen as the most fascinating time of our era and a monetary regime change. I am quite sure that US dollar will not remain as the world reserve currency. If the dollar continues on its path, debt will explode, and Bitcoin will become the global reserve currency.As the world reserve currency issuer, the United States has the most debt and runs the largest fiscal deficits, suggesting it will inevitably develop an interest in transitioning away from that status and stockpiling a world reserve asset.
pull down to refresh
related posts
21 sats \ 6 replies \ @DarthCoin 13 Oct
No is not. By far is not adopted.
Just because some bullshit companies announced they will start a "bitcoin reserve" that by itself it doesn't mean "adoption".
Adoption means: every fucking day you see more merchants accepting it and people using it as money and not as asset.
Asset is not money. Bitcoin is money.
When you call Bitcoin as asset you are a scammer

reply
0 sats \ 5 replies \ @0xbitcoiner OP 13 Oct
I'm not a fan of that term for Bitcoin either, but I don't think you're right about the word 'adoption. Adoption is a general word that doesn't necessarily mean what you're saying. There are different stages to it. We're at one stage right now, and we'll hit others later. The kind of adoption you're talking about—everyone using it in their daily life—that's the final stage.
Rome wasn't built in a day, you know!
reply
0 sats \ 4 replies \ @DarthCoin 13 Oct
Simple question: if you are a company that keep bitcoin (even if is in self-custody not like Saylors's IOUs) in a "reserve", what are you going to use? Fiat? Stablecrap tokens?
You are back to feeding the fiat beast. That is not adoption.
Listen this excellent episode: #1255134
reply
0 sats \ 3 replies \ @0xbitcoiner OP 13 Oct
I see your point, but come on, there's some adoption going down. If you got no Bitcoin, you're just slow on the uptake, riding that 100% fiat train.
reply
0 sats \ 2 replies \ @DarthCoin 13 Oct
Adoption means use. There's no use when you consider it an asset.
reply
0 sats \ 1 reply \ @0xbitcoiner OP 13 Oct
If someone's just using Bitcoin as a store of value, are they not adopting it?
reply
0 sats \ 0 replies \ @DarthCoin 16h
Yes. They only think of price in fiat not in the real utility of bitcoin: fuck the govs and banks.
For more you use bitcoin, stronger will became and fiat will be weaker.
reply
0 sats \ 0 replies \ @035736735e 17h outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.