pull down to refresh

Good interview. I followed Trennert for many years before I discovered bitcoin. I even read his book. Interestingly, this is the first time I have ever heard him talk about bitcoin, although he's been sounding the US debt alarm for years.
I wonder to what extent Bitcoin’s fiat price and adoption rates will map to the unwinding of this exorbitant privilege.
reply
I don't know, but I think as bitcoiners we naturally have a warped sense of its current perceived relevance. I don't think the correlation will be in a straight line. In some parts of the investment world, bitcoin is still basically looked at as a risky tech company. The fx guys don't see it on their radar screen yet either, so as the dollar unravels it will be measured comparatively to other fiat currencies. That of course will change as bitcoin adoption grows. I just don't know how long it will take.
reply
‘ Reserve Status Is Not A Right
The United States enjoys one of the most exorbitant privileges that any nation can ever experience via the dollars role as the global reserve currency. With the U.S. dollar serving as the backbone for financial transactions and global markets for almost 70 years it is almost inconceivable to think of a world where this is not the reality. Difficult, but a mindset that ignores historic precedent; multiple nations and empires have held the global reserve currency in the past, and the U.S. is simply one in a long line whose currency has held this position. ’
reply