The Dollar Doomer

If dollar stablecoins become widely available and people can opt out into the dollar, that puts a lot more pressure on those like host nations and their fiat currencies. "I think hyperinflation in the United States requires a sequence of events that is much more catastrophic than anything that's like a median prediction," he says. The only country where I'm genuinely confident nobody owned our stable coins was North Korea, which tells you that if you want to stop this behavior, you basically got to turn off the internet.