Today many bitcoiners are celebrating bitcoin hitting 85k. But, we must not forget what governments and Central Banks are capable of doing. Two World Wars, the establishment of the CIA and the FBI, countless wars.
US hunted down Gaddafi because he wanted OPEC countries to move away from the petrodollar.
The west is going to allow the dollar to just simply be taken out to pasture.
War is about to begin. Steady lads.
Good take (I fear)
You are fools. War is already over and the state fully embraced BTC.
What is the minor inconvenience of giving up a 2% hidden tax vs 50% taxes year after year on everything you buy or produce?
They'd obviously prefer a CBDC. But custodial KYC Bitcoin is more than good enough. They are well compensated for their loss of the money printer. The progress of the Bitcoin financial system will see banks create fractional reserves again. Increasing BTCs supply. Let's be honest. Fractional reserves is what banks do best.
Is it a day to celebrate? No. More unrealised gains they will tax and a strategic reserve will secure USD dominance for another ten years at least.
The Bitcoin take over is almost complete. The tool rendered ineffective.
I think you confusing the state (CBs and IMF)from Wall Street Bankers. Nations states might adopt it as a reserve asset, but that doesn’t mean citizens will be able to take self custody bitcoin. But, you already know that Executive Order 6102.
All I was trying to do is communicate that this is not the time to spike the football.
