Replace USD with Bitcoin as Reserve Currency?

in One Bitcoin Club29 days ago (edited)

image.png

When Larry Fink speaks, do people listen?

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The latest test, to see if my lead image appears this time, publishing with One Bitcoin Club's UI, as the code behind this image cannot be more basic.

Image Source: TheStreet Roundtable post on
"BlackRock CEO warns dollar could lose reserve status to Bitcoin"
Clear down here, testing whether this HTML
code interferes with the processing
of the lead image in this post.

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(continuing on) ... Is the Pope Catholic?

As the CEO of BlackRock, in control of an estimated $10.5 Trillion dollars in Q1 2024, the answer is self-evident. BlackRock is the world's largest asset management company.

So, what is this about making Bitcoin the world's reserve currency instead of the U. S. Dollar? Is that a serious question?

Strategic Reserves

There are a growing number of corporate and political institutions actively working on adding Bitcoin to their balance sheets.

Why? And with what are they going to purchase the portion of their balance sheets being proposed for conversion to Bitcoin?

Cash! Specifically, the U. S. Dollar!!

Debt

One key to the entire discussion is the large and growing public debt burden. This is not just a problem for the Americans. It is a problem across the planet.

The historic answer is just to print more money. And pretend it is not losing value, as a direct result.

How is that working out for us all?

Satoshi Nakamoto

Part of the answer was embedded in the Genesis block of the Bitcoin blockchain. There we find a reference to this legendary figure's view of the debt crisis of 2008.

At the time, it was widely reported the entire financial system of planet earth was in danger of collapsing.

The "virtual gold" of Bitcoin was this figure's historic answer! From its humble beginnings in 2008, how is Bitcoin viewed today?

If Larry Fink is bullish on Bitcoin, what do you think?


Source: Creator pakAkhlaq on Pixabay

Maybe allocating a little time to building up some Sats of Bitcoin via participating in the new One Bitcoin Club is worth your consideration?

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    • Published as a part of my ongoing efforts to troubleshoot issues and solve as many of them as I can manage on my own, we'll see how this goes.

What are your thoughts about increasing the amount of Bitcoin in your portfolio, in general, and contributing to the growth of this new community on the Hive blockchain, in particular?

Best wishes, until we meet again,
QT


👋❤️👋


Source: Creator GDJ on Pixabay

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What are your thoughts about increasing the amount of Bitcoin in your portfolio, in general, and contributing to the growth of this new community on the Hive blockchain, in particular?

It seems innovative, that users have this direct approach to Bitcoin may play some kind of long-term change.

Yes, it may, @neblomax. There are some hurdles to clear. We'll find out soon enough what, if any, efforts will be made to clear them.

@neblomax, why are you being downvoted by TheMarkyMark?

I have been asking myself the same question for months, and honestly I would like to know what the reason is.

Have you ever asked? Anyway, none of my business I guess, so you do not need to answer.

New to publishing content here, a glance at your account has shown me you have been here longer than I have. That said, as stated in my first post, I found the @newbies-guide content to be very helpful. If you have never heard of it, you may find it valuable yourself.

I love to buy small amount of Satoshi on regular basis on the V4V app.
It will be saved in the wallet for future investment
Thank you

Would you consider it a fair question, @rogerlabanane


Source: Transactions in v4vapp's wallet

if you were asked what your relationship is to oadissin?

Yah, it is my main account on Hive
I found better to make a distinction between the main account to this current account.

7 days to answer? Anyway, thank you for letting me know.

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