24min chapter

Macro Musings with David Beckworth cover image

George Selgin on Strategic Bitcoin Reserves, Debanking, and the Fed’s Framework Review

Macro Musings with David Beckworth

CHAPTER

Bitcoin's Evolving Role and the Dollar

This chapter explores the complex relationship between Bitcoin, stablecoins, and the US dollar, highlighting the shifting perspectives on Bitcoin's role as an alternative currency. The discussion critiques government involvement in Bitcoin and the irony of its support despite its libertarian origins. It also reflects on the historical context of the dollar's gold reserves and the potential implications of Bitcoin's adoption for traditional fiat currencies.

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