The transition away from the U.S. dollar as world reserve currency and the emergence of Bitcoin as the preferred reserved asset.For the first time in the modern era the world will have one global free market money with a free market rate. Basically that means the U.S. will be competitive in the global market again and can rebuild production capacity and manufacturing base and consequently rebuild the middle class. Although probably in very with system with more AI and roboticsThe sky is not going to fall and there probably won't be some total economic catastrophe. In fact and somewhat unexpectedly we will probably have a smooth transition thanks to stablecoins. This one instance where government leadership might have actually place the U.S. ahead of the curve and prepared for the next step. Stablecoins allow private issuers to buy U.S. debt and issue dollar tokens. It's a bit technical to explain here but basically the net effect that dollar demand goes down, stable coin demand goes up steadily and interlinked.Stablecoins on your phone will be the global money for every day use and transactions. You won't need a bank account or any BS you just get paid directly to your phone wallet with stables. A few Major Banks will issue stable coins that pay yield as well so you will get a % on your balance in your phone wallet if you wish to protect against inflation that way so that's your savings account in the fiat. However you can see how easily people will be able to swap between stables and bitcoin on their phone so basically everyone will probably save long term 1+ year in Bitcoin. Your phone wallet will also hold token versions of other assets like stocks and other digital assets you might have. So you might have a years worth of cash in stable coins and anything longer term in other digital tokens on your phone and Bitcoin will be the bulk of your wealth for the long term.
>>517707655Most people probably won't have Bitcoin on chain so you will have some stock or derivative that gives you exposure to Bitcoin so you won't even have to bother with seed phrases or whatever.Geopolitically the U.S. will be able to dollarized the free world with stablecoins and end this system of fiat currencies hierarchy we currently have. Currently basically every currency that isn't the dollar carries the risk of the dollar + the risk of its own national central bank and economy.In the past this allowed countries that needed to run hot and inflationary to do so and ones that wanted the opposite to well do the opposite. We're entering a new era of the global economy where everyone in the free world will be more connected than ever. This isn't an economic union like the EURO which was doomed to fail from the start as it was a monetary union without a fiscal union enforced by bueraucrats. This is monetary union enforced by the free market and the fiscal policies that follow have to contend with that.Bitcoin essentially brings inviolable property rights to every individual with access to the a phone and the internet. In the past almost everyone had barriers to access and purchase assets like stocks, real estate etc. However Bitcoin is literally available to all and can be purchased in any amount and kept safe for almost no cost.Geopolitically China, Russia, North Korea and Iran and some others will probably reject the free market Bitcoin based system and they will try to force a fenced in gold-based token system. This coupled with their social and capital controls could work well for them to the detriment of the rights of their populations of course and overall economic health.
>>517707672The western world however will probably see a renaissance golden age in improvements of quality of life and wealth. By having most of the world finally connected in a free market we have the best and cleanest price signals in the economic network the world has ever seen. Again it's a bit technical to explain but essentially this means that the what you want as a consumer, customer, human being out of the economy will be transmitted to a global network of produces and service providers in the cleanest and highest fidelity way possible because of the global Bitcoin based free market. We will see a Cambrian-like explosion in products, services, experiences and a complete restructuring of work-life balance, education, community and most importantly the role of government.The future is bright for America and it feels like a Divine Manifest Destiny that the U.S. should lead the world into this new era coming off of the old one. A new era that could position the U.S. as leader for the next century and beyond.
