God I hope not
Bitcoin needs to be for individuals
I would hate if Bitcoin gets 5x more expensive because the old regime starts printing money to try and survive using Bitcoin
Discussion
It would be a store of value like gold. Bitcoin is for everyone including the state
The state is just an idea - and as currently constructed, it is a harmful one.
Here’s a great video outlining my perspective
Interesting perspective. I still think states will amass bitcoin at some point.
We are early
We are incredibly early
And they will, as we’ve seen with El Salvador. Technically the United States owns ~200,000 but they typically sell them into the market and don’t have a strategy for them.
My argument is simply that the later these institutions realize they are doomed and need Bitcoin to survive, the better