The United States government is likely to back the dollar with bitcoin in order to protect its status as issuer of the global reserve currency. This is an opinion editorial by Luke Mikic, a writer, podcast host and macro analyst. This is the second part in a two-part series about the Dollar Milkshake Theory and the natural progression of this to the “Bitcoin Milkshake.” In this piece, we’ll explore where bitcoin fits into a global sovereign debt crisis. The Bitcoin Milkshake Theory Most people believe the monetization of bitcoin will most hurt the United States as itȁ ...
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