Oddbean new post about | logout
 Petrodollar relationship ended ❌
Bitcoindollar new best friend ✅

Can't control  the exchange of oil in dollars anymore; regulate the exchange of #Bitcoin in dollars.  

#Bitcoin backed bonds imply a bitcoin backed dollar.  #Bitcoin recapitalizes the bond market. 
 I'm more concerned about the contraction of fiat on ramps to acquire BTC.  
 I think we will be in the territory of sats being traded and very few bitcoin actually trading hands.  I don't think fiat on-ramps last all that much longer.  It's wild we can even exchange fiat for btc to begin with.