Gold, Treasuries, and FX reserves actually absorb capital at scale because they integrate with productive systems, governance, and credit markets. Bitcoin doesn’t stabilize the dollar it speculates on its instability.
As for “transparent and accountable capital flow”: Bitcoin doesn’t give governments accountability. It gives holders an exit. Those are not the same thing.
DryMyBottom on
>Is Bitcoin Secretly Strengthening the Dollar? Coinbase CEO Weighs In
nah
coinfeeds-bot on
tldr; Coinbase CEO Brian Armstrong, on the Tetragrammaton podcast, argued that Bitcoin indirectly strengthens the U.S. dollar by acting as a financial safeguard during economic uncertainty. Bitcoin’s scarcity and decentralized nature provide an alternative to traditional safe havens, encouraging fiscal discipline among policymakers. Armstrong suggests Bitcoin complements fiat currencies by promoting responsible economic behavior and influencing macroeconomic stability, especially as U.S. debt and inflation rise.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
stevenip on
I think metals with industrial use are a real safe haven
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No the dollar is obviously weakening
Gold, Treasuries, and FX reserves actually absorb capital at scale because they integrate with productive systems, governance, and credit markets. Bitcoin doesn’t stabilize the dollar it speculates on its instability.
As for “transparent and accountable capital flow”: Bitcoin doesn’t give governments accountability. It gives holders an exit. Those are not the same thing.
>Is Bitcoin Secretly Strengthening the Dollar? Coinbase CEO Weighs In
nah
tldr; Coinbase CEO Brian Armstrong, on the Tetragrammaton podcast, argued that Bitcoin indirectly strengthens the U.S. dollar by acting as a financial safeguard during economic uncertainty. Bitcoin’s scarcity and decentralized nature provide an alternative to traditional safe havens, encouraging fiscal discipline among policymakers. Armstrong suggests Bitcoin complements fiat currencies by promoting responsible economic behavior and influencing macroeconomic stability, especially as U.S. debt and inflation rise.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I think metals with industrial use are a real safe haven