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4min chapter
BTC104: The US FED & Treasury Need Bitcoin w/ Luke Mikic (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Bitcoin Milkshake Theory
As countries around the world have their local currencies hyperinflated and decimated into pieces, I believe that a lot of these countries are going to be forced to dollar us. Only 1 to 5% of the world has adopted some Bitcoin and the price of Bitcoin is still very volatile. And so as these countries adopt Bitcoin and the US dollar what's really really interesting is they're going to also be adopting stablecoins like USDC and Teva. If these USDC stable coins 80 to 90 to 100% backed by US government debt emerge itself around the world as Bitcoin monetizes then there will be a massive demand for US government debt.
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