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Can stablecoin US dollars cause ‘every currency other than top dozen to collapse’

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AMB Crypto

Sat, Dec 04, 2021

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Aliens TLDR

During an episode of the What Bitcoin Did podcast, Saylor spoke to host Peter McCormack to explain why he viewed Bitcoin as a form of energy.

Pointing out that property could be turned into money, Saylor said , “Twenty first century, Bitcoin: you can convert the property into money in a few minutes.

The commission is 0.1 percent, it’s liquid, you can move it anywhere in the world, and it doesn’t lose its energy, right?” “So is Bitcoin digital money?

They’ll pick up the phone, call their clients, all their clients will start buying Bitcoin, and the price of Bitcoin will go to the roof, and it will demonetize 100 trillion dollars of other assets.” Well, in that context, the question is- what could America do to avoid such an outcome?

If we have stablecoin US dollars, I think that every currency other than the top dozen is going to collapse and all those countries are going to dollarize and I think that Bitcoin is going to collapse all the weak assets.” During a Fox News interview on 30 November, Saylor found himself having to explain the practical purpose of Bitcoin to non-crypto investors.

“The point of Bitcoin is to fix the money.”

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