From the Egemonic Petrodollar Dominance to the Awe-Inspiring Bitcoin Standard

Developed countries can have a huge bonus now if they embrace the Bitcoin Standard before others. They can start mining Bitcoin to attract Bitcoin mining companies and the all-new industry and be early adopters.

No one knows what’s going to happen in the post-petrodollar era.

Yet, the petrodollar and weaponized geopolitical experiment had been poorly efficient.

I think the US will no longer need the petrodollar hegemony to fight inequality. If the dollar becomes weaker, the US exports will boost again. And in a technological deflationary decade ahead, high rates of unemployment and an American 2.0 industrial renaissance would boost the western countries again.

The Bitcoin Standard, from a monetary perspective, can be beneficial; like in the 1970s, the gold was, with its intrinsic volatility, before it becomes mainstream.

Like gold, Bitcoin has the potential to be a very quality commodity, with its volatile characteristics, very common in these kinds of hard assets.

It took thousands of years for global society to achieve the price discovery on a commodity like gold. I don’t think the price discovery will take that long for Bitcoin to occur, as its characteristics, in a supersonic world, could resolve this issue in less than a decade.

The price discovery of Bitcoin is entering its second decade. Big corporations are starting to realize that Bitcoin is a good thing to have. You have Ray Dalio, Stanley Druckenmiller, and Paul Tudor Jones. Most recently, Kevin O’Leary and Carl Icahn joined the Bitcoin network.

From a global adoption of 2% to 10 or 20%, we’ll observe short volatility in the Bitcoin market. But if people keep adopting Bitcoin, I don’t see why it shouldn’t be the ultimate monetary good.

For the US government, I have the feeling that it’s going to be a great solution. For the central banks and their opaque transparency, I doubt.

America is prepared like never before for the Bitcoin Standard. They have the right people in the country’s leadership, infrastructures, mining users, developers, holdings, brokerages, and the industry is in great shape.

America is in a prime position to lead the Bitcoin Standard to the future.

This article is for informational purposes only, it should not be considered Financial or Legal Advice. Consult a financial professional before making any major financial decisions.

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Source: https://medium.datadriveninvestor.com/from-the-egemonic-petrodollar-dominance-to-the-awe-inspiring-bitcoin-standard-14ba803b6d1b?source=rss——-8—————–cryptocurrency