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Hopefully Bitcoin can be used for more international trade but such a change would require a radical change in the power dynamics where in the west banks hold our governments over a barrel of debt and China seems unlikely to allow/enable Bitcoin trade payments...
Friend we're seeing it. This is a truly remarkable period of change... everything is changing that's why it is so shocking and why I made this post.
See the WSJ today (a 'traditional conservative' newspaper...) everything is changing and nothing is off the table especially Bitcoin.
"Trump’s Old World Order: Does he want deals with Russia and China to carve up the planet? He should tell Americans." https://www.wsj.com/opinion/trumps-brave-old-world-foreign-policy-ukraine-blow-up-china-russia-trade-allies-7e32b02a?mod=hp_opin_pos_1
What's crazier is how everything is changing, everyone can see it and still Mr. Trump's suggestion is to create a 'crypto reserve' which could easily, eventually take value and control away from the US dollar network.
Bitcoin is obviously quite valuable, individuals can hold it, send it, and receive it globally in very short order, and it cannot be remotely confiscated or easily censored. And the US is 'promoting' it while threatening 'the BRCIS'. How does that make sense.
It is hard to make sense of what Trump is doing except that he seems to be a master of using shock tactics and confusion to disrupt convention. Maybe there is method to his apparent madness. What I could read of the WSJ article does ring true. Trump acknowledging the declining viability of global US hegemony and doing deals with China and Russia to arrange a new global power structure where perhaps the US can preserve some of what is at stake because seeking to preserve everything is no longer viable. Such an approach might make a Bitcoin/crypto reserve logical at the same time as seeking to continue with USD/SWIFT trade payments hegemony as long as possible. There may be a market for using crypto/Bitcoin for trade payments as an alternative to both USD and Yuan. At least Bitcoin is genuinely neutral and many nations are going to be reluctant to switch directly to Chinese CBDC Yuan. Putting on my hopium hat - perhaps Bitcoin could emerge as a neutral means of exchange protocol in an increasingly multi-polar and divided world.
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I agree. I personally believe we'll probably get there... eventually. What a world that would be.
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