Sam L on Nostr: Sovereign country default doesn't matter. Self-sovereign does. #bitcoin When a ...
Sovereign country default doesn't matter. Self-sovereign does. #bitcoin
When a country(all countries will) is going to default on its debt, the money they printed is no longer a store of value. Not only the country itself, but also any country with a massive foreign reserve in the currency will suffer.
Sooner or later, people may have solutions to realize the true value of bitcoin. Some interesting business use cases like offering discount for bitcoin payments will become possible. People find it is impossible to "grow" their wealth in sotcks, properties or even bonds/cbdc.
Forget 1-million-dollar per bitcoin. All fiat money will become irrelevant.
When a country(all countries will) is going to default on its debt, the money they printed is no longer a store of value. Not only the country itself, but also any country with a massive foreign reserve in the currency will suffer.
Sooner or later, people may have solutions to realize the true value of bitcoin. Some interesting business use cases like offering discount for bitcoin payments will become possible. People find it is impossible to "grow" their wealth in sotcks, properties or even bonds/cbdc.
Forget 1-million-dollar per bitcoin. All fiat money will become irrelevant.