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10 sats \ 0 replies \ @_b_o_n_e_s_ 11 Jun 2023 \ on: Balaji Srinivasan raises the question of US government having enough Bitcoin bitcoin
US government has gone on/off sound money before so i think there's precedent but its not inevitable
if it were to happen i dont think its anytime soon. but i can imagine other smaller countries adopting it first as a younger generation of politicians seek alternatives to the exported inflation as US tries to print its way out of a corner. maybe this happens in the 30s?
US has so much ego invested in current setup that I don't think its adopted by them but rather forced. and they will fight it every day up to that point. they will try and persuade other countries not to adopt it. they will try and contain the USD/BTC rate for as long as they can. it is a threat incumbent banking oligarchy
what do you think happens?