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CRYPTO IS FIXING FIAT ONE DAY AT A TIME

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@pouchon
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While many places on earth are pushing away the use case of Bitcoin to combat inflation, others are taking the time to embrace it. Some countries are looking for ways to control digital currencies so they have to decide for you. A country with a weak currency may not think crypto is a good way to combat inflation. Everywhere you are in the World, having crypto, owning crypto can present as a problematic point of view.

El Salvador found another way to embrace crypto like Bitcoin as a legal tender like the dollar. There is a motion for other South American countries to adopt this approach. Sincerely I do not think crypto currency is what they want to implement. They want the business that comes for crypto and with crypto. Luckily crypto can be used by anyone with a smart phone and then you are deemed regulated to use it as a legal tender like the dollar. We go back to control piece again.

At the beginning of the year the Mayor of Miami did push the idea of having Bitcoin everywhere. He wants to pay the workers if they want in BTC. In USA crypto represents an asset class. They know well how to treat it and somehow we are at some point regulated to use crypto a certain ways.
The Mayor of Jackson, a city in Tennessee is making the same claim as The Mayor of Miami.

Bringing inflation in the game prove clearly the idea and the problem the dollar brings in the picture. Everyone keeps saying the dollar is buying. I want to say the dollar is a currency for business. You receive it today, get rid of it and buy an asset class with it. The dollar is losing value so fast you can believe anything otherwise. No wonder why the Mayor of Jackson wants his residents to pay the bills in Bitcoin.

Like I understand before there is no problem between the dollar and Bitcoin. The real issue lays in front of us as what we need to hold. Enough of converting the value of Bitcoin in dollar, Euro, etc.. Till now we have zero choice to do so. This part can serves us a little bit. This is the reason we see crypto is so valuable. It is out of hand when a city is giving bad mouth to the dollar. He needs the dollar to run the everyday needs of his city.

In the long run, holding dollar may not be a good recipe to fight inflation. Many cities mandate this approach where crypto is part of their plan. It remains to be seen how crypto will grow. It has to start somewhere. An educated resident will value the importance of crypto for the long shot. So far Bitcoin is moving sideways at $30K+. No need to wait for $100k to bring FOMO to the table. This was a light bulb moment. I am not sure if it is bright enough but a sign. Keep stacking satoshis.

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