"If you need something from somebody and they demand Bitcoin, you will pay them in Bitcoin or you just won't eat." Gold has been money for a very long time. We just stopped recognizing it. Now sovereigns are waking back up. FX reserves. Settlement in Yuan. Accumulating quietly. The world is going from an era of abundance to a level of scarcity. In a unipolar world, there's a high level of trust. You can rely on a dollar system. You can feel confident the goods and efficiencies will be there. But as that starts to break down, that goes away. Completely different world. Those who have the scarce resources make the rules. Because then you need them and you need to pay them. Most people think nobody will accept Bitcoin. If you need something from somebody and they demand Bitcoin, you will pay them in Bitcoin or you just won't eat. Pretty straightforward. Full rip in the comments
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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