No, because Bitcoin has a superior stock-to-flow ratio over *any* commodity in the world.
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if they're convertible to BTC... why not just hold BTC ?
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Fair question, nations still have some legal strategies they can lean on (taxation, SDR reqs, etc). But I agree it does seem harder to compete with BTC vs gold since BTC is more convenient as a MOE. If fiat does collapse do you foresee a tremendous economic crisis in the process?
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Definitely. Any possible obstacles to victory in your mind or BTC FTW?
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BTC FTW
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Haha thanks for the dialogue! Gives me some things to ponder
but I’m feeling cautiously optimistic about justifying my excessive BTC purchases to my wife
End of conversation
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. Is $90T total current supply? I’m wondering how big of a subtraction transactional demand is. Also, gold was about 30% of total supply under the gold standard due to fractionalized fiat overlays. So $30T-ish?