If you listen to Luke Gromen (or Mark Goodwin & Whitney Webb albeit they understand less of the mechanics), “Bitcoin is the new oil” essentially means instead of inflating the oil states, they’ll inflate Bitcoin to mop up the glut of treasuries coming on the market via stablecoins.
I don’t like it but I see this as a very plausible course for the Trump regime to take.
They have no choice but to print, and that inflation has to go somewhere. Rather than enriching Arab princes, they’d be better off inflating Bitcoin and hoarding it.
The unintended consequence which nobody talks about is what the world looks like with a newly minted financial elite full of anarchists and anti-state libertarians - I don’t think people have fully thought this through..
stacksatsio / StackSats.IO
npub10j…lvcrd
2024-12-23 15:43:05
in reply to nevent1q…4lzu
Author Public Key
npub10jnx6stxk9h4fgtgdqv3hgwx8p4fwe3y73357wykmxm8gz3c3j3sjlvcrdPublished at
2024-12-23 15:43:05Event JSON
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"content": "If you listen to Luke Gromen (or Mark Goodwin \u0026 Whitney Webb albeit they understand less of the mechanics), “Bitcoin is the new oil” essentially means instead of inflating the oil states, they’ll inflate Bitcoin to mop up the glut of treasuries coming on the market via stablecoins.\n\nI don’t like it but I see this as a very plausible course for the Trump regime to take.\n\nThey have no choice but to print, and that inflation has to go somewhere. Rather than enriching Arab princes, they’d be better off inflating Bitcoin and hoarding it.\n\nThe unintended consequence which nobody talks about is what the world looks like with a newly minted financial elite full of anarchists and anti-state libertarians - I don’t think people have fully thought this through..",
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