ynniv on Nostr: It can do that too: 1. "Wait for" an emergency 2. Print a few $T to deal with ...
It can do that too:
1. "Wait for" an emergency
2. Print a few $T to deal with emergency
3. Suggest the dollar might fail due to emergency
4. When people are afraid and turn to Bitcoin, start aggressively dumping it
5. When confidence is lost, quietly buy most of it in a coordinated fashion that doesn't raise the price
Voilà, Bitcoin is now a reserve currency
1. "Wait for" an emergency
2. Print a few $T to deal with emergency
3. Suggest the dollar might fail due to emergency
4. When people are afraid and turn to Bitcoin, start aggressively dumping it
5. When confidence is lost, quietly buy most of it in a coordinated fashion that doesn't raise the price
Voilà, Bitcoin is now a reserve currency