Part 7/9:
One of the most striking conclusions Groman posits is the analogy that Bitcoin could function similarly to oil in the past—serving as a commodity underpinning the U.S. financial system. He suggests that as Bitcoin's value rises, particularly if its adoption grows as a strategic reserve asset, it could inflate the demand for stablecoins that, in turn, would bolster the U.S. Treasury.
This hypothetical scenario envisions Bitcoin being treated as a foundational asset for stabilizing debt, much like oil was used to support the fiscal imbalances post-Vietnam War. Groman argues that if Bitcoin functions as a commodity that aids the Treasury, it could redefine the global financial landscape.