On today’s episode of The Cryptoverse…
How To Multiply Your BTC Holdings 1:17
US Debt 2:19
Chinese Debt 3:25
M1 Money Supply 4:02
$821,000 BTC 6:52
$33m BTC 9:02
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truely brilliant and honest
You made an excellent point in the video, don’t remember the exact words, but essentially I took from it that countries will get tired of using the currency of another country as a reserve. If that currency is deflating or inflating or otherwise unstable, then even more so.
This could be a major catalyst that would be a boon for HODLers.
The other side of the coin is that if countries are shopping for a replacement currency, it would be in their best interest to investigate that currency and find out who, if anyone, controlled the currency.
The massive mining control that China has over Bitcoin will surely play a major role in this discussion, if it ever comes up. Who knows, maybe a lot of countries would happily trade American financial overlords with Chinese financial overlords, given the supposed anti-American sentiment that is published here and there. But I don’t think China has a good shot here in the public court of opinion. I think there’s a better shot of some alternative crypto being proposed by some Nation State or the UN than bitcoin, being influenced via Chinese Miners, being accepted.
Then you have the approximately 1 million bitcoin owned by Satoshi Nakamoto, an unknown actor. Being unknown is a feature but all that bitcoin would be a threat to most countries.
what up CC. Your taking my mind to back to the college days by generating research and analysis. Countries have discussed bitcoin adoption and I believe some have. Major institutions are becoming involved as the years go by. What other solutions exist to settle trade that is cheap fair and transparent?
I have been into crypto for the long haul, with some much uncertainties in the global financial climate, no doubt bitcoin will be a player in future global trade
Thanks for this post @marketingmonk!
I was skeptical at first, and I'm still skeptical about Bitcoin becoming the World's Reserve Currency, but I still learned some new things from your video.
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Huge numbers but not so crazy tbh. Bitcoin will probably be the protocol nations will use in the future to transact as you mention, this giving it even more value and credibility.
Thanks for this kind of analysis Chris, they are different and more insightful than most of the stuff you can find online.
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Thank you for sparking the conversation Chris. And thank you for your engagement with your patrons!
If this comes to pass, we'll all be very happy!!! Thought provoking, thanks for another good show.
What a great show about money! Love the money creating page. You seem to be great with numbers. This show also deals with money creating and its centralization (in the US).
LOl can someone tell me how we can invest in this Napcoin he keeps talking about? Clearly its going to the moon by Chris's calculations!
Interesting numbers and overview, but I think your premise that the powers that be would use bitcoin for international trade and that would boost its price as hallucinatory.
Thanks 4 sharing ;)
How accurate do you think is the web page http://usdebtclock.org/?? Also, one point to take into consideration is that the supply of BTC could be affected for a hard fork...
Interesting hypothesis. These calculations are based on current money supply levels. The Dollar would need to hyperinflate before the US Government "adopts" Bitcoin (or any fixed supply currency). Viva la cryptocurrency revolution! :)
Seeing those numbers change every second was a bit scary. I don't know when the crash will happen but gold and crypto seem to be the way to go in the near future.
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