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Yeah, they’re BRICS nations. And the petrodollar gives us our way of life. People aren’t prepared for what’s coming. Guarantee Trump does some crazy shit after midterms. Mark it.
Other countries are souring on USD dominance since they are losing faith in the issuer. Not a irreversible issue yet, but worsening. Things like working with Russia to box Ukraine out of negotiations is one such example of what's driving this in EU and among the BRICS nations.
We gonna send the military after BRICS next?
Therefore if countries around the world ditched the dollar (say they aligned closer to the BRICS countries) then the US military would probably collapse as without a shot being fired.
Two thirds of Bitcoin owners are average Joes. These guys will hodl for a long time but life and death always happen and they will sell to buy lambo and homes, pay for kids college, invest in something new. There will be a supply for years from this just like mining. Hedge funds are for investors, pension funds, banks, insurance companies, etc. They want safe solid 30% growth every year. Big money have invested billions in setting up bitcoin exposure because they know they'll make trillions from derivative products and custdy fees. Sovereigns need some form of digital gold. There are different agendas, but China, Russia, Iran and Venezuela are already using Bitcoin to bypass sanctions. The BRICS nations want an alternative to USD settlement outside the SWIFT system that can't be weaponized like it was against Russia. Russia doesn't want to hoard yuan and China doesn't want bank vaults full of rubles. There needs to be a digital gold in between. Bitcoin is at every level of most African economies from small purchase to state level finance. China has spent billions buying influence and making roadways into the whole continent and they need Bitcoin for that trade. That's why they went from trying to ban Bitcoin to using Hong Kong as their crypto proxy. That's why Taiwan has legislation in the pipeline for a Bitcoin reserve. They'd never poke the bear without a nod from Beijing. 40 countries are in talks with Coinbase. Countries like Bhutan, Norway, Czech Republic, Switzerland, China, USA, UK, El Salvador, the Ukraine, Venezuela, Iran and Ethiopia already have it. Banking apps allow everyone to buy. Younger generations are able to change their banks by pushing a few buttons on their phones. They'll have all that boomer wealth in the next couple of decades and won't be as trusting of banks and investment firms. They do like Bitcoin. Banks know this and have no choice. No Bitcoin, no customers. EFTs are being used to suppress the price while institutions and banks are accumulating quietly. But for over a year all news, good or bad news was followed by changes in ETF flows that raised or lowered the price to flush out open interest. These coins were subsequently bought and moved to whale wallets. The miners are not dudes in garages, that's true. Those guys were forced out by big money manipulating the price so they could slow the roll out of new coins and buy more on their terms using OTC deals. This has been going on for years and it becomes more and more obvious from patterns repeating and the blockchain/wallet activity. So, yes, Wall Street can manipulate the price and has been doing so for a couple of years now, but bitcoin is at every level of the global economy and is global. Bitcoin is going to be a lot bigger than Wall Street.
Nothing will ever be better than bitcoin. But, if a large group of nation states (ie BRICS or the EU) decided to make their own cryptocurrency and use it as their central bank / national currency (by legal mandate) that could potentially unseat it in terms of market cap.
So, what you are basically saying is, "If you cannot produce the exact answer to how Bitcoin is going to tackle the Quantum Computing conundrum RIGHT NOW, then that means Bitcoin will fail." So, let's think this through, shall we? As Quantum Computing develops the ENTIRE WORLD will be at risk (NOT just Bitcoin). Bank accounts, Investment accounts, NSA databases, your dog's PetSmar account - pretty much everything. To presume that "everything else will find a solution, but Bitcoin will be left behind" is pretty much ridiculous - after all, Bitcoin is a crytographic algorithm and as the "answers" to more secure cryptography (that can confront Quantum Computing) emerge, Bitcoin will also evolve. Banks are centralized, but NOT over the ENTIRE world. There's the Fed (in the USA), the European Bank, the Bank of Japan, etc.... They are NOT united in how they approach things, their policy or ever their goals. According to you, these banks will all upgrade easily. Seriously? BRICS would like to see the US$ replaced. How exactly are they going to suddenly "unite" and "upgrade". It is far easier for Bitcoin to "upgrade". Bitcoin is ALREADY a world-wide protocol. In only 15 years it has "united" people throughout the world on accepting the Bitcoin protocol as the mechanism to store and transfer value - spanning across nations and languges. Good luck getting the countries of the world to unite on their banking in any way even close to that! Your argument reminds me of the Y2K panic ("because the computers of the world cannot handle the Jan. 1, 2000 calendar date, every computer in the world will shut down and cease to function at midnight). The world started talking about this "event" years in advance. There were plenty of nay-sayers. They told us "the world would end as we know it." Businesses and individuals paid billions (or maybe trillions?) of dollars to pay people to upgrade their computers for this perceived technology crisis. In the end Jan 1, 2000 came and went and the world did NOT shut down. Humankind and technology "found a solution" and no one even talks about this anymore. It's the same thing with Quantum Computer (or any new/improving technology). We adapt and move on. Bitcoin will be no different. So stop being a "nervous Nelly". When you really think about it, the real amazing thing about Bitcoin is that it DOES work and it works incredibly well and it's only 15 years old! The current monetary system is a mess and give a huge advantage to THAT centralized monetary system (at the expense of all the people who do NOT own that monetary system). Change is coming, no matter what. Might as well be ready for it.
Don’t forget they will also be paying with their new BRICS currency & planning for a future of nuclear fusion & reactors.