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Bitcoin's Financialization and Freedom Use
- Bitcoin's financialization increases surveillance and centralized control but still allows permissionless use.
- Only a small minority, around 5%, use Bitcoin as true freedom money, though the absolute number is growing.
Bitcoin vs. Gold as Reserve Asset
- Gold remains the primary competitor to Bitcoin as a global reserve asset.
- Bitcoin is outperforming gold over time and is poised to eventually surpass it as the final boss.
Argentina's Dollar Demand with Tether
- In Argentina, the currency black market overwhelmingly uses Tether for dollar transactions.
- Despite Bitcoin's advantages, demand for dollars slows Bitcoin adoption in countries with unstable currencies.