Interesting, the way you molded the information and related it to Bitcoin makes it so obvious that the Bitcoin still has a lot of growth ahead just because of how much inflation the citizens will face in the coming year due to this printing of dollars. And to save yourself from Inflation, you simply by Bitcoin.

Total Crypto Market Cap is $2.64 Trillion which is 264 days of Printing for US Govt.

I think the phrase “hedge against inflation” which is a strong attribute of bitcoin is seriously downplayed or say under rated. One thing have found is that on paper or public the dollar doesn’t looks like something that has problem but it’s devaluing seriously and this doesn’t only affects dollar alone, most of the world countries suffering economic crises are associated to the devaluation of the fiat currency. The bitcoin adoption rate of developing countries tells why it is just a matter of time before bitcoin is fully embraced as an alternative to fiat. Not a financial advice but regardless of the volatility I will definitely save up on bitcoin than hoard any fiat at the moment and this doesn’t even have to do with ROI.


I am ambitious about the growth or potential of bitcoin but a sat to a dollar (I mean current value though because dollar go devalue in future who knows) seems too ambitious and not something I am seeing in a near future. Because for this to happen it means we have a bitcoin at $100 million.

That's the magic about the current money, it's an infinite element, govs can get into infinite debt and nothing will happen, no one will come to them and say "Hey! You have to pay your debt", and this is because the debt is not only in the government hands, the debt is in the civilians hands too... Each time a civilian gets a bank loan to buy a house or to buy a car, then this debt increases, and USA is the country with the biggest access to credit. Almost anyone can go to the bank and get a loan for anything.

Does it matter? US still dominates the majority of the international trades. They are still the biggest millitary equipment supplier in the world. They are still ready to attack any country to acquire oil fields. US knows how to maintain the dominance.

So the US dollar is still the leader in the market. They have to still pay for NATO and United Nations. US has been printing astronomical amount of money since COVID. Did it affect their economy to any large extent?

Your thread just came timely. BRICS group are planning to create a payment system using blockchain to reduce the dependence on dollar for international transactions.

It was crystal clear since that BRICS has targeted to lower the dependence on dollar so as to reduce the power of the US but the problem has always been which currency should they make as a central currency. Any country currency picked will have given that country extra power.

Let me not go off topic, can someone tell BRICS that bitcoin is here to solve there problems and they don’t need to create anything again.

I knew this would happen when they removed the debt ceiling. They should of rose it a little and made cuts along the way to reduce it.

Problem is that this help is paid for by bonds and those bonds demand a 5% coupon right now, so they are getting deeper and deeper into this hole, especially when interest rates are still elevated. No idea if they will ever be able to reduce the steepening of the curve and make it more flat.

They're going to make their own CBDC as per what the news have said about them making a new economy.

This alliance don't have their control over Bitcoin and that's why they might end up with the same thing as what US did, to print more of their money and have more supply. The thing is, to whom and which currency they're going to rely on.

From what I've read, it's gonna be with the Chinese Yuan (Renminbi).

They can still have control Bitcoin in terms of their market share but they need to hold vast of it compared to the institutions that are holding a lot of it so, the influence of theirs is there.

They can create their CBDCs that are helpful for them to control and trace their citizens' money flows better with their centralized CBDC blockchains. For citizens, it's not helpful and more like fearful as they will have more observing eyes and tools to trace their money flows.

CBDCs help those countries launch it by that mean but CBDCs can not help them to solve anything in their economy.

See progress of some nations toward CBDCs.
https://cbdctracker.org/
https://cbdctalks.com/
https://www.atlanticcouncil.org/cbdctracker/

Governments can not use Bitcoin to solve their macroeconomic problems, they can not and Bitcoin can not.

Citizens can not print money, fiat currency, can not mint CBDCs. Governments and central banks can and by using CBDCs, with blockchains, they will have better tools to watch our money flows. For what? They do it for tax.

I believe they aim at tax on citizens because it will help them to gain more money from citizens.

firstly todays "debt" becomes tomorrows GDP

secondly the 34+trillion is not M0-M2 money in normal citizen hands circulation.
the banks/institutions and government need/want to raise the ceiling of money printing and push it into the background economy of the institutional circulation(to avoid citizen level hyper inflation)
because the top tiers of derivatives and institutional investment products are valuated at hundreds of trillions so needs to see there is enough "dollars printed" to even come close to enough reserves to cover payouts if those top tier investments were to ever sell out of their positions without causing a massive economic crash(pensioner boom reach retirement age and choose to take lump sum, but not enough money available to cover cash-out(risk))

yep they need to fill the pockets of top tier institutions reserves, to keep all the trillions of pension/private investments within fair market value for when people sell out/claim pensions
(average m0-m1 'savings/spending accounts) per US citizen ~$25k =$8.4trill)
(average m2-m3 'retirement/investments accounts) per US citizen ~$300k =$100trill)