Zoom out! #Bitcoin

Think #Bitcoin is overly complicated? Try understanding the US Dollar system. H/T to @River

New to #Bitcoin and a bit overwhelmed? It is many things, but a useful start is thinking of #Bitcoin as savings technology. If you save in USD, it WILL loss money due to inflation. If you save in #Bitcoin and hold it, you will experience volatility BUT will likely VASTLY outperform inflation. Volatile savings technology (Bitcoin) is superior to guaranteed inflation losses (USD). Forged in the fire of Fiat.

Once the US Dollar was no longer limited to the amount of Gold in the possession of the United States Treasury, it lost its limitation on its supply. Once that happened, we had to “trust” that the US Treasury and Federal Reserve Bank would not create too much additional money. This is ”Why #Bitcoin.”

Saudi Arabia deciding to end the 50 year petrodollar agreement is a huge blow to US Dollar as the global reserve currency. This plus the continued debasement will further weaken USD. Perhaps it’s time to look into #Bitcoin I believe the Saudis ditching the petrodollar system is MAJOR step away from USD fiat hegemony. I also believe the US can maintain its global leadership roll by fully embracing #Bitcoin. #Bitcoin mining defending cyberspace (see Jason Lowery) and stacking #Bitcoin in the US Treasury.

Bizcommunity

Saudi Arabia has announced its involvement in Project mBridge

Saudi Arabia has announced its involvement in Project mBridge...

Forged in the fire of fiat monetary debasement. #Bitcoin

Jamie Dimon the CEO of Chase Bank is an "Authorized Participant" for BlackRock's Bitcoin ETF. According to him #Bitcoin's only use case is illicit activity. If Chase is associated with #Bitcoin as an AP and it is only for illicit activity then what does that Chase? By his definition it make Chase a money launderer by association. Can't have it both ways Jamie. Not impressed with him or Chase!

X (formerly Twitter)

Swan (@Swan) on X

Bare-knuckle #Bitcoin debate between Jamie Dimon and Joe Kernen.