Part 10/14:
The potential involvement of central banks is explored in depth. While the Federal Reserve and European Central Bank are viewed skeptically as unlikely early adopters—given political and economic considerations—smaller or geopolitically motivated nations (e.g., Russia, China, Turkey, Nigeria) might leap into Bitcoin as a strategic move. Such acquisitions could be motivated by the desire to hedge their currencies or exert geopolitical influence.
Dan suggests that the perception of central bank involvement—even rumors alone—can trigger major price surges in Bitcoin. The idea is that market participants may front-run these rumors, pushing the price higher in expectation of these eventual moves, making the Bitcoin market increasingly reflexive.