The integration of bitcoin as collateral into credit products will fundamentally change the global financial system and will be one of the driving forces behind the coming price increases. ๐Ÿš€ I see significant benefits, particularly for real estate. Stay tuned for more detailed takes on this next week!
Once bitcoin is fully monetized and becomes the worldโ€™s reserve currency, its value would represent global productivity, acting as a global index of productivity. Bitcoinโ€™s change in value would be related to the world's economic output, with its purchasing power adjusting to the economic climate. The price will rise with expected productivity gains and fall in line with expected losses, such as after natural disasters. This transformation will take a long time, possibly decades or even a century, to fully materialize. But it will happen!
In the 26th edition of my newsletter, I explore the history and mechanisms that enable Bitcoin and Nostr to act as catalysts for innovation and human progress. I would like to thank @UNCLE ROCKSTAR for the inspiring discussions and encouraging words. What began as a conversation before my trip to Nostrica led to months of introspection and ultimately this article. I would also like to thank @gsovereignty for his work with Nostrocket and our exchange of ideas that led to the publication of this piece! I look forward to exploring and understanding the possibilities of Nostr deeper as I continue my journey.