USD vs Bitcoin
US natives think $USD is a currency - for the rest of the world it is an asset . Just like #bitcoin.
The way Microstrategy accumulates bitcoin , all central banks collect US debt - a fancier word for US Dollar. As of April 2024, the five countries that hold the most US debt are:
- Japan: $1.1 trillion
- China: $749.0 billion
- United Kingdom: $690.2 billion
- Luxembourg: $373.5 billion
- Canada: $328.7 billion
Compare this global stake to 15 odd billions that #Microstrategy has in bitcoin. The way Microstrategy wants to protect bitcoin network , central banks want to protect #USD. Which means they all resist any change in capital structure. Not even bitcoin.
Thus the peaceful path for bitcoin is to become the reserve strategic asset for United States and thus for rest of the world. The other path is literally fighting governments worldwide ..
There is however one more opportunity - that is if people all around world adopt #SATs - which is why success of #nostr is so critical ! And other lightning apps - #LNCalendar , #StackerNews , #Fountain
In reality , both these things can happen simultaneously - that would be real freedom - Top down and Bottom up.
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