Posted on 05/29/2025 2:29:34 PM PDT by SeekAndFind
At Bitcoin 2025, economist and author Saifedean Ammous laid out a bold vision for the future of global finance, asserting that Bitcoin - not the U.S. dollar - will anchor tomorrow’s economy, with Tether as the bridge...
Saifedean Ammous, CEO of Saifedean.com and author of The Bitcoin Standard, delivered a data-driven keynote at the Bitcoin 2025 Conference, warning of inevitable U.S. dollar decline and positioning Bitcoin as the only rational hedge.
“Default, devaluation, or default by devaluation are inevitable,” Ammous declared, adding pointedly, “Tether can’t fix what a century of fiat democracy ruined.”
Using projections and flow charts, Ammous argued that Tether’s Bitcoin strategy could soon outpace its U.S. dollar reserves.
“Then Tether will break the peg upwards,” he said, predicting a scenario where 1 USDT could equal 1.02 USD and continue revaluing as the dollar weakens. “Tether becomes a relatively stablecoin as the dollar declines.”
The talk emphasized what Ammous described as a self-reinforcing loop: as USDT demand rises, so does Tether’s need for BTC reserves, which drives up Bitcoin prices—leading to even more revaluation.
“This is a significant impact on the market,” he said. “Buying bitcoin is the smartest thing anybody could do.”
In a final sweeping statement, Ammous forecasted the end of the USD era.
“Eventually, USD reserves go to zero next to BTC reserves,” he said.
“USDT keeps getting revalued upward until it is redeemable in bitcoin. USDT → BTCT.”
He called Tether a “transition monetary system” and concluded, “Even the most bullish scenario for USD is much more bullish for BTC.”
To Ammous, the dollar is locked in a downward spiral while Bitcoin, with its “number go up technology,” continues rising.
“The thing that goes up is going to overtake the thing that goes down,” he said—summarizing his entire argument in one sentence.
Control.
Bitcoin is the bet that politicians will never cut spending,
government outlawed gold and confiscated all they could control... how easy to turn off the digital money to round things up...
bartering coming back.
Sorry, but Bitcoin is still a joke.
It is no different than the tulip fiasco in the 1600’s.
Nobody has yet been able to make a coherent explanation of just what a Bitcoin is, yet millions want to throw their money into it.
So, yeah, go buy them tulips.
I read recently that the coming quantum computing power might be able to futz with this digital $$$.
Instead of Ctrl-Alt-Del, it could just end up being delete.
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride. Crypto List
The Bitcoin folks hope if they talk fast enough and use enough big words they can find more suckers....
Not so easy to turn off hundreds of thousands of computers in pretty much every country in the world - each having a complete copy of the ownership of each BTC
My computer has a copy of proof of my ownership of the entire Andromeda galaxy.
I am rich!
Lol.
Been listening to your type for 10 years now, and you have yet to be right yet.
Meanwhile, I have gone to Disney on bitcoin and bought a car...
So does your ability to do debit or credit cards...
I was well ahead at the local casino a few years ago—and took my winnings and spent them.
That does not mean I would recommend that to anyone else.
Bitcoin advocates have the most basic of all conflicts of interest—they are talking their book.
Yes, but will any Andramadonian verify your ownership?
Do the ledgers agree?
Are they audited?
RE: Nobody has yet been able to make a coherent explanation of just what a Bitcoin is, yet millions want to throw their money into it.
Well, - Bitcoin enables direct transactions between individuals without intermediaries like banks, making payments more efficient.
Let’s imagine two people— you and Alice—who want to exchange money.
Traditional Bank Transfer:
you want to send $1000 to Alice using a bank transfer. Here’s what happens:
- you log into his bank account and initiate the transfer.
- The bank processes the transaction, deducts fees, and may take several hours or days to move the money.
- The bank has control over the transaction. If it detects unusual activity, it can block or delay the transfer.
- Alice finally receives the money—but after a wait, and possibly with additional fees.
Bitcoin Peer-to-Peer Transfer
Now, let’s say now you want to send Bitcoin instead:
- you opens your Bitcoin digital wallet and send 0.025 BTC (worth $1000) directly to Alice’s wallet address.
- The transaction is verified by the Bitcoin network of miners, rather than a bank.
- No intermediaries—no banks, no delays, no unnecessary fees.
- Within minutes, Alice receives the Bitcoin in her wallet.
- The transaction is recorded on the blockchain, ensuring security and transparency.
So, here are the Advantages of Bitcoin Transactions
- Speed: No waiting for bank approvals—transactions settle much faster.
- Low Fees: Traditional banks can charge high fees, but Bitcoin fees depend on network usage and are often cheaper.
- No Middlemen: No financial institution is needed to facilitate the transfer.
- Global Access: Bitcoin allows transactions across borders without worrying about currency conversion.
- Financial Freedom: Governments and banks - cannot block or reverse a Bitcoin transaction.
Peer-to-peer transactions make Bitcoin an efficient alternative to traditional banking.
People have been doing this for years.
The auditors are anonymous—so I don’t know who they might be. That way they cannot be compromised.
Well—rumor is they have some strange Japanese name I cannot pronounce or spell.
Lol.
There are many problems with your analysis:
—It muddies transactional use with value. The two are not the same. Some folks think AI may well invent its own medium of exchange that may not even be used by humans at some point. The “value” would only be among the AIs that used it.
—There are many cryptocurrencies. Bitcoin is the one with the largest current market value. Even if cryptocurrencies become widely used there is no guarantee which one will prevail over the others. The Internet is filled with fast talkers giving twenty very impressive reasons why their cryptocurrency is the best one.
—Conflict of interest/talking your book makes any communication on this subject highly suspect. I cannot take seriously anyone who owns an “asset” and then talks talk that may increase the value of that asset—regardless of what it is.
Well if you can win for 10 years, then you would be a fool NOT to keep on...
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