Companies, governments, financial institutions... they all want to buy Bitcoin and crypto.
Their differentiation between Bitcoin and crypto is fine... but the fact that they want to buy both means they haven't understood anything yet.
Only #Bitcoin matters
Says Paolo Ardoino:
"Stablecoins single handedly bring unprecedented financial inclusion to hundreds of millions of people, especially in emerging markets."
What Paolo doesn't mention is that Tether encourages monetary inflation, nor does he explain the risks that this entails.
The "unprecedented financial inclusion" with Tether/dollars implies an unprecedented export of dollars created out of thin air, i.e. the price inflation is temporarily exported. The risk is clear: If the world were to reject the dollar, the boomerang would bring hyperinflation to the US.
There will be a significant shortage of bitcoins on exchanges, but at the same time, there will be an abundance of sats.
Divisibility guarantees Bitcoin's future as a MoE.
#Bitcoin
It would be interesting to know what he's referring to and, above all, in the event of a radical change, what other forms of money might gradually impose their hegemony.
In the long term, I'm betting on #Bitcoin
Hace un tiempo, hablando con Huerta de Soto de mi grata experiencia en las Xuntanzas del Xoan de Lugo, me dijo que él ya no viajaba si no era para recibir un Doctor honoris Causa, así que está cumpliendo su palabra. ¡Enhorabuena! @JHS_Oficial
https://www.youtube.com/live/YfEcJwhnFi0?si=pl3nUFCQ7z1V2ZpH
Elon Musk hasn't said the word Bitcoin since 2022. Will he talk about Bitcoin tomorrow or will he continue to bury his head in the sand like an ostrich?