Jack Mallers
Tetragrammaton with Rick Rubin
Monetary Unity Prevails
In a globally interconnected economy of 8 billion people, the preference for a single, dominant currency arises. Competing currencies vie for supremacy based on factors such as monetary policy and scarcity. The strength of the dollar, for example, results from a more disciplined issuance compared to that of other currencies like the Nigerian Naira. This competitive nature underscores the tendency of money to gravitate toward one primary form, rendering diverse tokens and coins inefficient for everyday transactions. Thus, Bitcoin’s role is primarily viewed as a store of value, echoing the inherent drive toward monetary consolidation.
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