My not-an-expert 2 sats going forward:
A) stablecoins acting as full reserve banks will create a drop in leverage over time, creating a rush out of speculative assets into yield bearing stablecoins. Dollar eats eats everything.
B) Stablecoin issuers like Circle and Tether get mega filthy rich on treasuries yield and become shadow government style organisations.
C) Bitcoin keeps on trucking as the permissionless alternative, price probably gets a bit more boring and gold-like.
Not mutually exclusive theories.
Joemama / GetRekt
npub105j…7m0f
2024-04-30 09:18:10
Author Public Key
npub105j88a8ty4fx97tl30zukscejagr7tkn6zcn8vd4u3fzn73mqrlsyc7m0fPublished at
2024-04-30 09:18:10Event JSON
{
"id": "98838e9de7c0d1cb7b95c78bd573748970927a93f159fdb554a12e099bb2af7e",
"pubkey": "7d2473f4eb255262f97f8bc5cb431997503f2ed3d0b133b1b5e45229fa3b00ff",
"created_at": 1714461490,
"kind": 1,
"tags": [],
"content": "My not-an-expert 2 sats going forward:\n\nA) stablecoins acting as full reserve banks will create a drop in leverage over time, creating a rush out of speculative assets into yield bearing stablecoins. Dollar eats eats everything.\n\nB) Stablecoin issuers like Circle and Tether get mega filthy rich on treasuries yield and become shadow government style organisations.\n\nC) Bitcoin keeps on trucking as the permissionless alternative, price probably gets a bit more boring and gold-like.\n\nNot mutually exclusive theories.",
"sig": "d9c4cd37baf905dbf97de7601d4f6956064b265ca12156f703bdbf29f3ab7ca914645e24f3d671d1b20f2fa09a9da18f24a3ef943b64260b626620c91b6313a5"
}