jqw22 on Nostr: The power of the US state to manage bitcoin into a controllable bound space through ...
The power of the US state to manage bitcoin into a controllable bound space through the creation of laws restricting its use and by occasionally incarcerating users indefinitely on spurious charges.
The US has already used these tools to restrain bitcoin adoption and growth and there is nothing to stop them from repeating the same tactics again and again and again.
I am not saying that they want to kill bitcoin, only turn it into something they control, which I already think they do simply because they already have the tools required.
These are some reasons why the Bitcoin market may not equal the size of US treasury market in particular.
Another might be the brics nations forming a gold backed currency standard and becoming the dominant global commodity price setter.
There will be other scenarios where bitcoin will just continue much as it is or becoming an alternative inflation tracking asset. What can I or anyone really know about what will happen?
But just being better is not in itself, imo, sufficient to guarantee becoming the dominant asset class.
The US has already used these tools to restrain bitcoin adoption and growth and there is nothing to stop them from repeating the same tactics again and again and again.
I am not saying that they want to kill bitcoin, only turn it into something they control, which I already think they do simply because they already have the tools required.
These are some reasons why the Bitcoin market may not equal the size of US treasury market in particular.
Another might be the brics nations forming a gold backed currency standard and becoming the dominant global commodity price setter.
There will be other scenarios where bitcoin will just continue much as it is or becoming an alternative inflation tracking asset. What can I or anyone really know about what will happen?
But just being better is not in itself, imo, sufficient to guarantee becoming the dominant asset class.