Thank you for these insights Vitaliy. I agree with you wholeheartedly that a cryptocurrency reserve is a very bad idea for the US, or any country. Your reasoned and clear analysis is really really helpful. Thank you.
Hi Vitaly. Thanks for the perspective. I'd be interested if you have a theory on when and how "Foreigners will stop financing our lavish lifestyle beyond our means." If not now, via Bitcoin, then when and how does the US contribute to the global economy's need for a "less dirty shirt"? Making the assumption that it could be transitioned in a controlled manner (big assumption I know). It's difficult for a non US citizen to accept that Bitcoin as a global currency is bad because it will mean a correction to the current US inflation management.
Thank you for these insights Vitaliy. I agree with you wholeheartedly that a cryptocurrency reserve is a very bad idea for the US, or any country. Your reasoned and clear analysis is really really helpful. Thank you.
Hi Vitaly. Thanks for the perspective. I'd be interested if you have a theory on when and how "Foreigners will stop financing our lavish lifestyle beyond our means." If not now, via Bitcoin, then when and how does the US contribute to the global economy's need for a "less dirty shirt"? Making the assumption that it could be transitioned in a controlled manner (big assumption I know). It's difficult for a non US citizen to accept that Bitcoin as a global currency is bad because it will mean a correction to the current US inflation management.