Oddbean new post about login | logout How do you know Trump isn’t going to turn around as change his stance on #Bitcoin if it threatens the hegemony of the US dollar? Be careful what you wish for…
The dollar is going to be replaced by BRICS. Trump likely knows this. I believe it's possible he may try to save what's left of the dollar by backing it with some combination of gold and Bitcoin. Or a new token, NOT a CBDC, but *something* he can back with gold and Bitcoin. I would expect something like this during the next 4 years.
I really didn't think Trump see Bitcoin as a threat to the dollar. He is already taking about ending the Fed. I think he sees Bitcoin as a tool to help bring in a new golden age for America.
My only hope for the Golden age is angels 😇 like me and others working together to heal the world No sass 💁🏻♀️ https://image.nostr.build/883162fda64ea9fad3886edb6811891b502be37989edd1342e122b0214febf85.jpg
In addition to the BRICS argument, if #bitcoin maintains its treatment as property that is generated through energy production rather than a currency, I don’t see an issue. Until the day Bitcoin has to back the dollar, or even replaces it (30 years+), we should be good.
