Building on this line of thinking, imagine a world where it’s easy for Americans with dollars to buy bitcoin but harder for everyone else who wants to do the same. Over time we may expect to see more demand for USD in order to exchange for BTC. The USD could be the conduit.

If we see the BTC-USD exchange rate stabilize while the other currencies fall to the dollar again it might be for that reason. Or a million other reasons… who knows anymore.

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