I predict Strategy will become the workaround for the issuing of productive credit in the US.

You don't need to end the Fed. You just need to bypass it.

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I see this as an intermediate step to a lending system where suppliers or resources demand bitcoin rather than bank notes. I have no desire to stop at a place where the dollar is recapitalized on bitcoin. that L2 or L3 or whatever it would actually be is pointless. Lend sats into the economy when it is the dominant currency and the post-4th turning world will roar to life.

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Intrigued. Say more…how would that work?

As the value of bitcoin increases into the millions, MSTR could issue large and medium commercial loans and govt bonds backed by bitcoin but likely initially denominated in USD.