A New American Monetary System: Coming Soon.

Read my analysis.

Donald Trump promised that the US will become the crypto capital of the world.

He promised to have reserves in #BTC and pay off debt with “crypto checks”.

What does all this mean?

He said he would control part of the crypto space and convert the dollar monetary system to a new one.

He also said he won't allow #CBDCs, but that doesn't mean he can't back the current dollar with BTC and then issue Bitcoin-backed digital dollars.

He will say this is not CBDC; it is commodity-backed money as it was before 1970; it is hard money.

This new dollar makes sense if it is worth more than the current dollar, e.g. 1 edollar = 10,000 USD, and this means liquefying U S. debts and screwing the T-bond creditors.

What would happen if the U.S. gov't followed BlackRock's plan?

The gov could issue a dollar backed by #Bitcoin

To avoid being considered a #CBDC (Trump has said he wants to ban it), it could issue a digital dollar as a BTC ETF that it holds in reserve.

+BTC reserves +edollars