[Crazy Theory] USA *government* debt is $22 Trillion. Japan ($13T), China ($5T), EU (€13T). One way out? Embrace Bitcoin and allow all fiat to devalue, hence making all debt easily repayable. Still collect taxes. Bondholders - shafted. Governments - debt jubilee.
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Many central bankers your age? They won’t use anything they don’t control. First attempt: SDRs from IMF, if that fails then gold backing. But agree younger people would flee to crypto and it would be explosive. Maybe few generations supplanting gold as money of last resort.
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SDR is just 5 fiats. If fiat devalues so does SDR. If tens/hundreds of millions use cryptocurrency it becomes on its way to be global reserve. Power is Money that others desire, accept and hoard. Central Banks will similarly want the currency that others are using.
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To be honest I think Central Banks will die. I think the future are Private Central Banks issuing stablecoins on the blockchain and competing against one another globally.
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Or simply Bitcoin itself.
End of conversation
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