The Capital
Published in

The Capital

The Case for Bitcoin as Reserve Currency

The United States of America exacts a tax from citizens everywhere in the world, it’s just not a visible one. But given that Washington has no desire to defend democracy, should the rest of the world desire to defend the dollar?

Sadly, you will find no dollars here. (Photo by Claire Anderson on Unsplash)

You’re On Your Own

So how does everyone in the world pay U.S. taxes?

But why dollars?

Dollar Domination

“(If Putin) is foolish enough to go in, he’s smart enough not to, in fact, do anything that would negatively impact on American citizens.”

“Have you ever told him (Putin) that?”

“Yes.”

“You’ve told him that, that Americans will be a line that they (the Russians) can’t cross?” Holt asked.

“I didn’t have to tell him that. I’ve spoken about that. He knows that.”

  • Uncle Sam doesn’t have your back even if you’re a democracy; and
  • those stacks of greenbacks you have in times of trouble may not be yours in the event that trouble comes.

Uncle Sam Doesn’t Have Your Back, But He Does Have Your Dollars

But what asset?

Could Bitcoin be the alternative?

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Patrick Tan

Patrick Tan

3.3K Followers

CEO & General Counsel of Novum Alpha, a quantitative digital asset firm catering to accredited and institutional investors.