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tank | 3 months ago (raw) | root | parent | reply | flag 
 Putting it on the list. Thanks. In @preston ‘s recent pod, Paolo says Tether only buys short term treasuries (3 months) due to duration risk and needing to liquidate Tether quickly. Wouldn’t the US need a buyer of longer term bonds to replace China and Japan?
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gladstein | 3 months ago (raw) | root | parent | reply | flag +1 
 Yes - who’s gonna buy long dated debt?
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tank | 3 months ago (raw) | root | parent | reply | flag +2 
 Exactly, this is my question with the bitcoin-dollar thesis. The petro-dollar created real demand for long dated debt. But how do the stablecoins provide any meaningful demand for US debt if all they do is roll profits from 3 month bond yields into bitcoin?
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gladstein | 3 months ago (raw) | root | parent | reply | flag +4 
 I mean. If anything I think the bitcoin dollar is temporary