Part 11/14:
The Geopolitical and Macro-economic Implications
Dan notes that the ongoing distrust in traditional fiat currencies and reserve systems might push countries like China and Russia to acquire Bitcoin secretly or overtly. The incentive is especially strong where trust in the dollar or local currencies wanes.
He argues that the entire narrative of Bitcoin replacing traditional currencies or serving as a safe haven is already embedded in market psychology. The story has become part of the macroeconomic landscape, where rumors and expectations about institutional and governmental adoption can materially alter Bitcoin’s trajectory.