And here’s a great specific example of why the USD is more important in Venezuela than Bitcoin when there are currency issues that result in a persistent, structural bid for dollarshttps://www.google.com/amp/s/www.coindesk.com/how-i-learned-to-stop-worrying-and-love-the-money-printer%3famp=1 …
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Agreed, but it still doesn’t erode the dollar issuance system. Foreign firms and countries care about the price to issue debt in US dollars, the yield on the dollar, and the ability to transact in the currency much more than how the nation is perceived abroad.
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They can laugh at us all they want, but our debt will remain the main transaction tool for them
End of conversation
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