Can we talk about the future of cryptocurrency?
The world economy looks at the American Empire.
There is an interesting point: during his first term, the understanding king opposed cryptocurrency, suppressing Bitcoin and viewing it as a competitor to the US dollar.
Now he has turned to support it, whether it is his own change or being persuaded by others.
It seems he wants to use cryptocurrency as a supplementary currency to the dollar, to suppress other currencies— a tool for extracting resources from other countries.
In most places around the world, there are more or less some foreign exchange controls, and most currencies cannot be freely exchanged.
In recent years, the stock market has not been doing well, and a lot of capital has gone to speculate on US stocks, so how does the money get out?
· Cryptocurrency is an important channel.
Cryptocurrency can meet the pain points of many people: free exchange, laundering, tax evasion.
If the US opens up cryptocurrency for purchasing stocks and government bonds in the future,
· then for countries with fewer opportunities to make money, a lot of capital will flow out of their countries through cryptocurrency.
· This is equivalent to extracting funds from various countries through cryptocurrency.
In this case, there would be no need for a second dollar to exist.