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Bitcoiners may feel rugged, but zoom out: the U.S. sees stablecoins as a route to dollar dominance, making everything else in crypto secondary. Bitcoin doesn't need them; the stablecoin industrial complex does. Bitcoin doesn't need anything from these people. But the stablecoin industrial complex (every major bank wants in) needs them badly. So, incentives were always going to align. I don't think this means the Bitcoin Reserve idea is dead, but it does mean it's taking a back seat to what they think is the "bigger picture." image
Are you enjoying the cheap seats? I think people have the wrong perspective on the recent dip. Considering a global trade war is heating up, the Memecoin bubble is collapsing, stagflation is setting in, and AI money is slowing down, Bitcoin is doing great. But the bumpy ride is far from over, and I explain why in today's This Week in Bitcoin: https://www.thisweekinbitcoin.show/episodepage/48 Grab it in your app of choice: https://episodes.fm/1733733790/episode/NjgzOTQwNTItODc4My00OWQxLTlmYzEtMmI1MmQ0NTAzNmRi image
Have you ever wondered why Bitcoin tends to sell off on news of higher inflation - when it's supposed to be the greatest inflation hedge ever? I get into that and a lot more this week, enjoy! https://www.thisweekinbitcoin.show/episodepage/why-bitcoin-sells-when-inflation-goes-up_638749855507515104 Player of choice: https://episodes.fm/1733733790/episode/ZTUzZTVlODItMWU5MS00YjMxLWJlMmQtZDE2Y2EwZjE2YzU5