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7 sats \ 2 replies \ @028559d218 OP 9 Apr \ parent \ on: The Next Neutral Global Reserve Asset is... Bitcoin bitcoin
I don't think that the Chinese will necessarily "embrace" Bitcoin. But wow the miners in China sure manufacture a lot of it, in addition to manufacturing a lot of ASICs.
I don't believe (although of course I don't know) that the EU will actually use a Chinese CBDC-system. I am highly doubtful. They will trade with the Chinese more and more perhaps (this makes sense)... but 'connect' their CBDC to the Chinese transactional systems? Really?
No way.
And the EU isn't exactly one block, they disagree on things all the time.
If US bonds aren't the neutral safe haven they once were, we need a neutral liquid digital safe haven for exchange and economic hedging and Bitcoin is the only really neutral candidate that isn't restricted to only one country.
Who knows it may never work out the future is unknown... but compared to everything else I believe that Bitcoin is better and is perfect product/market fit.
https://www.bloomberg.com/news/live-blog/2025-04-08/trump-tariffs-stock-market-updates?cursorId=67F61FDCB21C0000
in my opinion it's Bitcoin dude
https://www.bloomberg.com/news/articles/2025-04-09/haven-assets-are-faltering-just-when-world-needs-them-the-most?utm_source=website&utm_medium=share&utm_campaign=copy
A lackluster run for haven assets during one of the most acute market selloffs in years has left investors seeking new forms of protection.
US Treasuries plunged Wednesday as Donald Trump’s reciprocal tariffs took effect, sending the benchmark 10-year yield up by more than 10 basis points to its highest level since February. Gold rose but remains down for the week, during which global equities touched a one-year low. The dollar also has weakened.
Just as Trump’s latest tariff war pushes global trade into uncharted territory, financial markets also are scrambling for answers to questions about the role of assets that typically shield investors during crises. While some observers point to the likes of German bunds and Japan’s currency as potential new shelters, the candidates also face risks from liquidity to their own economic and monetary policy outlooks.
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0 sats \ 1 reply \ @Solomonsatoshi 9 Apr
Bitcoin certainly does provide a viable, proven and neutral alternative to Chinese CBDC protocols. I hope it is adopted widely enough to be viable despite Chinas dominance of global trade. A multi-polar world seems increasingly likely and Bitcoin could be increasingly useful and adopted in such a world.
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0 sats \ 0 replies \ @028559d218 OP 9 Apr
100% agree
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