pull down to refresh

191 sats \ 1 reply \ @freetx 17 Jan \ parent \ on: Policy Proposal for Trump's Bitcoin Stockpile Leaks bitcoin
“Bitcoin can enhance the global reach of the dollar network, particularly in emerging markets, where the long arm of China’s digital authoritarianism seeks to gain traction,”
This validates my suspicion that both Bitcoin and Tether are going to be embraced. In fact, (from a purely US-centric PoV), I would think embracing Tether is critical to US interest. I think the wise among them realize that they must tolerate and support Bitcoin in order to reap the benefits of Tether.
Again, this is US-centric PoV, but pushing Tether means that they immediately put massive negative pressure on all other currencies. This allows them to amortize printing more dollars over 6B people instead of 300-500M currently. Multiple currencies will simply cease to be if their population can have USD on their phone instantly, this leads to true USD hegemony
Bretton Woods 3.0
write
preview
21 sats \ 0 replies \ @elvismercury OP 17 Jan
That's close to my assessment of the situation, too.
reply