Micheal Saylor turned MicroStrategy into a BTC mining company basically, Black Rock is also heavily invested, so there’s obviously value in BTC.
It took Gold thousands of years to establish a 17T dollar market cap. It took BTC 15 years to establish 2T. Gold will definitely step aside to BTC soon. Nonetheless the US dollar losing value everyday, especially when BRICS kicks off for the long run against the US Dollar. Spend 12.5 billion USD since October 2023 on Israel fueling the war? Which they could instead use to help the citizens who suffered from the Milton hurricane
but they pushed Russia Ukraine war to start?
But doesn’t the usd have the most demand?
What makes the usd valuable is the feds ability to write ious to the treasury and never actually pay back its debt.
Usd is still preferable because we can control it better.
Decentralized is silly, you always need something central for market needs.
It’s still too volatile, generates no value, and doesn’t meet 3 requirements for “money”(medium of exchange & unit of account, but maybe argue that it’s a storage of value)
Usd volatility is far lower, making it much more appealing.
Trump will still want usd dominance and status as global reserve.
I dont see it weakening.
