I’m grateful for a president who seems on top of the Bitcoin trend of new currency forms. I am still trying to wrap my mind around the concept of cyber monies, fungible assets and investments. Still mostly Greek to me, but I know it won’t be going away. Similar to the AI phenomenon.
I posted on this before...
It is a brilliant way to default on the national debt with admitting you are defaulting on the national debt.
Here is how it works:
—Make foreign holders of US debt accept Bitcoin as payment when they seek to redeem the debt
—Have an army of propagandists convince them it is a great deal
Easy Peasy!
Cyber money is money that acts like an ethereal vault. As long as people see it as viable, they will buy e-currency in order to have a place to store money. However, it can disappear in an instant if people decide it no longer has value. It isn’t really an investment, as I understand it.