RE: The Triumvirate of Liquidity

Saw this on crypto twitter and thought some here might like this:

The Triumvirate of Liquidity

Bitcoin is both digital gold and digital Treasuries, and has all the makings of the world’s next risk-free asset…

US Treasuries, gold, and Bitcoin serve as a triumvirate of global liquidity, a powerful trio of safe haven assets that shelter their owners from the risks of our highly leveraged, credit-based monetary system. Of the $300+ trillion in financial assets around the world, only $32 trillion exist at this echelon of safety and liquidity.
Bitcoin captured an astonishing 1% of the trio’s total market value after only eight years in existence, yet this was only a glimpse of the future. In its next chapter, Bitcoin will catapult toward gold’s $9 trillion size, fulfilling its destiny as digital gold. After that, Bitcoin will morph into digital Treasuries and replace them as the world’s risk-free asset before eventually achieving world reserve currency status. Replacing the dollar as the world reserve currency is a lofty ambition, but it will occur only as a byproduct of Bitcoin embodying digital Treasuries.

Full article:

Fletch Master Asked on November 7, 2019 in Bitcoin.
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1 Answers

That’s a great read, Fletch!

Master Answered on November 7, 2019.
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