On November 18, Christian Catalini, co-founder and chief strategy officer of Lightspark and founder of the MIT Cryptoeconomics Lab (who was also the co-founder of the failed Diem/Libra project), shared his views on US debt, Bitcoin strategic reserve proposals, and calls to replace Federal Reserve Chairman Powell.
Catalini believes that despite a certain amount of false propaganda in the market, the United States is not in fact on the verge of a debt crisis. From a more macro perspective, debt has accumulated all over the world, especially after the global financial crisis in 2008. While this does not mean that excessive debt is a good thing, it is a common problem that almost every country must solve in some way. But if the removal of Powell in January next year will undermine the institutional credibility of the SEC and weaken the dollar, it will raise doubts about the market's ability to maintain debt. If Bitcoin really becomes a strategic reserve asset in the future, this may mark the end of "the Fed's leadership in global monetary policy."

#BTC #SEC