Continue to be impressed with what The Bitcoin Standard understood in 208 about the future of bitcoin. The first major country to adopt will really change things.

“The point at which central banks start to consider using it is the point at which they are all engaged in a reverse bank run on bitcoin. The first central bank to buy bitcoin will alert the rest of the central banks to the possibility and make many of them rush toward it. The first central bank purchase is likely to make the value of bitcoin rise significantly and thus make it progressively more expensive for later central banks to buy it. The wisest course of action in this case is for a central bank to purchase a small amount of bitcoin. If the central bank has the institutional capacity to purchase the currency without announcing it, that would be an even wiser course of action, allowing the central bank to accumulate it at low prices.”

Submitted January 21, 2024 at 08:20PM by Ok_Hope_4261 https://ift.tt/JiE2SD4