the bull case for ETH and BTC is that the US gov will push stablecoins extremely heavily and try to make it a new global settlement currency rail as they try to offload US treasuries into these vehicles
it will work, but only to a point
as many nations will mostly opt out of this new US debt mechanism and they'll choose gold instead
but gold is not easily transactable, so they need an onchain option for the 21 century
for the one that is programmable and that is usable as collateral, they're going to choose ETH
try to have a timeframe longer than 5 mins and you'll see it
it will work, but only to a point
as many nations will mostly opt out of this new US debt mechanism and they'll choose gold instead
but gold is not easily transactable, so they need an onchain option for the 21 century
for the one that is programmable and that is usable as collateral, they're going to choose ETH
try to have a timeframe longer than 5 mins and you'll see it
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