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26 sats \ 1 reply \ @Solomonsatoshi 14h \ parent \ on: Destroy US Credibility, Abandon Its Allies and Push Bitcoin: Trump's Strategy? bitcoin
It is hard to make sense of what Trump is doing except that he seems to be a master of using shock tactics and confusion to disrupt convention.
Maybe there is method to his apparent madness.
What I could read of the WSJ article does ring true.
Trump acknowledging the declining viability of global US hegemony and doing deals with China and Russia to arrange a new global power structure where perhaps the US can preserve some of what is at stake because seeking to preserve everything is no longer viable.
Such an approach might make a Bitcoin/crypto reserve logical at the same time as seeking to continue with USD/SWIFT trade payments hegemony as long as possible.
There may be a market for using crypto/Bitcoin for trade payments as an alternative to both USD and Yuan.
At least Bitcoin is genuinely neutral and many nations are going to be reluctant to switch directly to Chinese CBDC Yuan.
Putting on my hopium hat - perhaps Bitcoin could emerge as a neutral means of exchange protocol in an increasingly multi-polar and divided world.
I agree. I personally believe we'll probably get there... eventually. What a world that would be.
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