Quote from: Biodom on Today at 07:47:39 PM

Quote from: adam.sandler on Today at 07:27:26 PM

Quote from: Ivystar5 on Today at 02:27:42 PM

Quote from: shahzadafzal on Today at 02:16:41 PM

Billionaire Ray Dalio: “I’m worried about something worse than a recession… we have something that is much more profound, we have a breaking down of the monetary order”

Bitcoin is the solution!!!

https://x.com/unusual_whales/status/1913578579109044268

Individual - bitcoin is the solution.
Institutions - bitcoin is the solution.
Governments - bitcoin and a little bit of monetary system manipulation.

I think Bitcoin can be part of the solution, but not the whole solution.
For individuals and institutions, Bitcoin is a great tool to protect assets from inflation and the collapse of the monetary system, as shahzadafzal and Ivystar5 have said. But for governments, a hybrid system works better: using Bitcoin as a reserve asset (like what the US and Bhutan are doing) and developing CBDCs to manage their domestic economies.
For governments, a hybrid system is needed that both takes advantage of Bitcoin and maintains the necessary control to manage the economy.

Dalio is right about the collapse of the monetary order, because the current system (based on the dollar and the huge US debt) is reaching its end. But Bitcoin alone cannot replace this system; Rather, it can be a complement that returns power to the people and reduces the excessive concentration of power in the hands of governments.

CBDC?
Are you on the right forum?

Regarding 'reaching its end'-this stage may last decades.

trump is a much needed accelerator for default of t-bills.

he will make a trumped-up charge and china and declare all bonds they held or sold are void.

2026 is when this happens