IMO bonds are a products of fiat. They may help nation states transition back into a hard reserve asset.
In the long run though, smart money won’t be buying government bonds to earn a yield.
Smart investors will lend their money to promising entrepreneurs while governments will be forced to be fiscally responsible (not overtaxing and overspending) or else they will see their sovereign individuals take their money and move to a different jurisdiction.
IF I MAY BE SO BOLD…I WOULD REPLACE “SOVEREIGN INDIVIDUALS TAKE THEIR MONEY” …. WITH - SOVEREIGN INDIVIDUALS TAKE THEIR “VALUE” WHICH IS EQUIVALENT TO THEIR “PRODUCTIVITY, KNOWLEDGE, AND WEALTH”
AT LEAST - I FIND THAT TO BE A REALLY POSITIVE AND LIKELY MORE SUSTAINABLE USE CASE FOR BITCOIN - LIKE IF “MONEY” OR “CIVILIZATIONS LAST FOR WHAT A COUPLE HUNDRED YEARS TO MAYBE WHAT…A COUPLE THOUSAND YEARS???
AS WE APPROACH THOSE MILESTONES WITH BITCOIN BEING A PART OF THE MARKETS…
THAT IS WHEN WE ALL LOSE OUR PTSD FROM THE FIAT SYSTEM!!!
THAT IS WHEN WE REALLY HARDEN THE NETWORK!!!
FUCK DO I LOVE THIS NETWORK!!!
