I think there will be two poles in a multipolar world based on two spheres of influence – the Chinese and American spheres. That is putting it in old fashioned nationalist terms. Another way it is being framed by America is freedom/democracy vs autocracy. China will frame it differently as wealth distribution vs wealth inequality.…
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No single contender looks like an obvious fit: USA/USD is current reserve currency but no reserve currency lasts forever. Europe/EU is a weird mix of independent countries and a single currency. China/CNY is the emerging economic power but their currency is not fully convertible yet and not trusted in many parts of the world. This…
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I believe that the future of Bitcoin will be written in El Salvador. That is why we have dedicated a 4-parter to Bitcoin in El Salvador in the past. If Bitcoin is a success for El Salvador’s people, many other countries will follow their lead. The stakes are now very high with Bitcoin becoming a…
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Way back in 2014 (when Daily Fintech was born, Bitcoin was in a bear market (priced around $500) and the last time Putin ordered an invasion of Ukraine) I wrote My explorations down the Bitcoin rabbit hole. Although this is old analysis it is still relevant today and other people who are on the same…
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The history of reserve currencies has been told many times. The leading economic power hands the reserve currency baton to the emerging economic power. The last baton pass was from UK to USA. So will the next baton pass be from USA to China? That would be history repeating. My thesis is that it will…
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