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0 sats \ 0 replies \ @Solomonsatoshi 3h \ parent \ on: The Dollar is Backed by the Full Faith and Trust of A Shutdown Government bitcoin
Yes but Gold and the RMB are far more strongly positioned to replace it than Bitcoin.
Especially in terms of the role of international trade payments.
It's not likely Bitcoin will be the new dominant currency- perhaps a minor alternative at best...and even then largely confined to its utility as a SoV, not a MoE.