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0 sats \ 0 replies \ @glix 28 Jun 2022 \ on: Gary Gensler calls Bitcoin a commodity (again) bitcoin
It's pretty apparent now that we have a complete acceptance of bitcoin being a schelling point asset for large institutions and soon, if not already, for countries. One reason we still see disbelievers is due to fact that we are so tightly bound to the world of debt and traditional finance that decoupling seems almost impossible. It's going to be painful, but that decoupling will happen. Heck, we now even have a guy who runs an institution, that is responsible for handling regulations for securities and other financial products that heavily rely on the debt-ridden economy, telling us that we got a new commodity in town - which is pretty much giving us a hint that it's a new form of money, because remember, every single form of money that ever existed, was first a commodity.