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If you want disgusting fiat over the fiat rails… if you think the $ is bad, wait til you see the RMB. Smart money is settling large trades in Bitcoin.
It is not about what I want. It is about understanding and dealing with the way the world works. Economies and businesses largely operate under the law and protection of governments. Governments play a major pivotal role in the wealth of nations and individuals. It is not about what I want, or what you want. We can both hold some Bitcoin as it serves us as a superior money as individuals but we live in nation states and for nation states fiat money provides significant strategic leverage and power. CBDCs increase that leverage and power.
There has never been a wealthy and powerful nation without that nations government playing a major central role in the wealth of that nation. Just because Bitcoin offers us as individuals some advantages it does not seem likely to do the same for nation states and their competition for trade dominance resource hegemony and military power projection. Could a nation operating on The Bitcoin Standard enjoy a superior economy to the same nation on fiat? Perhaps but the question is highly debatable and untested.
Where is the smart money settling in Bitcoin? Do you have evidence of this or is it simply wishful thinking/baseless assertion? What I see is Bitcoin being portrayed and used almost exclusively as a speculative commodity plaything, increasingly KYCed and held in the custody of institutions who never use it as a P2P payments protocol. MoE use is either outright banned, or effectively impractical due to extremely inconvenient tax recording and reporting obligations derived from Bitcoin being categorized as a speculative commodity.
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