Part 10/11:
In conclusion, Livingston foresees the emergence of a financial system fundamentally different from today’s. Central banks and governments will eventually recognize Bitcoin as a reserve asset, similar to gold, but with vastly superior properties. The global collateral landscape will be transformed, with Bitcoin dominating as the most trustworthy and liquid asset.
He ends with a provocative note: those who recognize this shift early—whether institutional or retail investors—will secure a competitive advantage as the world transitions to a Bitcoin-backed financial infrastructure.