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Obviously right now we live in a fiat world where Bitcoin is a small but growing part of the global financial system

I think it’s possible we could live briefly in a fiat world actually “backed” by Bitcoin in the way BW system was dollars “backed” by gold

But not for long. Don’t forget BW only really lasted about 15 years

I think BTC obsoletes / replaces USD but this is still a wild chart (from ZH today)

Crazy to think how much of this has already happened or is in the works

Benjamin Chodroff 8mo ago

Which private banks allow bitcoin sales, or are in progress? Still waiting to see more developments from JPM, Citi, Societe Generale, UBS, Deutsche Bank, HSBC

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Discussion

Kayne 8mo ago

Some banks in third world countries have adopted Bitcoin

Benjamin Chodroff 8mo ago

Agree, and there are some like Sygnum and AMINA… but I think “a change is gonna come.”