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BTC was designed as a drop-in replacement for both the USD and SWIFT for processing transactions. If it were successful, it would be a grave threat to the US fi
by unyttigfjelltol 2y ago
BTC was designed as a drop-in replacement for both the USD and SWIFT for processing transactions. If it were successful, it would be a grave threat to the US financial position. Trump recently issued threats to BRICS nations for contemplating issuing a common currency with precisely those same aims.[1]
If BTC was on the verge of realizing its purpose, Trump would work equally hard to burn it down. So, who knows if BTC price goes up or down, but categorical statements about a fundamentally transactional politician sending this permanently to the moon bake in a significant degree of risk of later being contradicted.
[1] https://www.cnn.com/2024/11/30/politics/trump-brics-currency-tariff/index.html https://www.cnn.com/2024/11/30/politics/trump-brics-currency...
- deleted 2y ago[deleted]
- throw0101d 2y ago> BTC was designed as a drop-in replacement for both the USD and SWIFT for processing transactions. That may have been the original intent of BTC's creators, but what is it actually used for now? USD and SWIFT are being used daily for transactions, whereas two-thirds of Bitcoins have been inactive for the last year: * https://en.macromicro.me/charts/32355/bitcoin-supply-last-active-1plus-years-ago https://en.macromicro.me/charts/32355/bitcoin-supply-last-ac... It's simply being hoarded.
- deleted 2y ago[deleted]