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21 sats \ 2 replies \ @TheBTCManual 24 Mar \ on: Max Keiser predicts gold-backed stablecoins will surpass USD stablecoins news
That's a big call i think only tether has a XAU backed token and its less than a billion dollars in circulation right now, i get gold is getting headlines now that it's breaking to new all time highs but I just don't see shitcoin chains and their users foaming for gold, they want something that moves like crazy
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21 sats \ 1 reply \ @siggy47 24 Mar
Not to mention the proof of reserves would be so onerous. I was thinking about Max and Stacey. Are they staying in El Salvador after Bukele's IMF deal? Are they so entrenched in the government now that they will be a propaganda machine?
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36 sats \ 0 replies \ @ch0k1 OP 24 Mar
Good question.
I don't know why but somehow I have a strange feeling that Bukele will cheat IMF to use their fiat for paying the debt and other El Salvador expenses in order not to spend the BTC
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