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.
Oddbean new post about login | logout 