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5 sats \ 1 reply \ @Solomonsatoshi 10 Apr \ parent \ on: The WSJ (kinda) covers the Mar-a-Lago Accords plus Miran's Incredible Speech econ
Because while Bitcoin is fantastic from the perspective of the sovereign individual it is not so helpful let alone desirable to the nation state and its power projection.
It might be useful as a neutral refuge and safe haven SoV and MoE in an increasingly fractured and multi-polar world, but for China at least Bitcoin is the complete anti-thesis of the CCPs dreams for the future of empire.
The EU is not keen either, nor really is Trump beyond gaining a vote bloc and crypto sponsorship opportunity and the potential for capital discretion.
Stand up the brave nations who might allow Bitcoin domestically for citizens and for trade payments - the IMF and/or CCP will come after you!
On April 2, the Trump administration announced tariffs of up to 104% on Chinese imports. In response, China imposed retaliatory tariffs of up to 84% on U.S. goods, starting on April 10. The trade war has triggered instability in traditional markets, pushing investors to consider alternatives like Bitcoin and gold. Analysts say Bitcoin is attractive in this climate because it’s not tied to any government and can’t be manipulated like national currencies.
Bitwise CEO Hunter Horsley explained that in times of uncertainty, investors want to avoid both U.S. and other nations’ assets due to fears of currency devaluation. He said Bitcoin offers a unique solution—it can’t be debased and is easy to access and control. VanEck’s Matthew Sigel added that Bitcoin is becoming more than just a speculative asset, with real-world use cases like international trade settlements starting to emerge.
necessity is the mother of invention... and people will use bitcoin, in my opinion, when they need to at the right time. yes even the eu weasels
also for a government (china) that doesnt like bitcoin... they sure make a lot of it
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