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Bitcoin as a geopolitical hedge
The world’s largest financial manager recently issued a report on Bitcoin: A Unique Diversifier. It boldly claims:
“Over the long term, bitcoin’s adoption trajectory is likely to be driven by the intensity of concerns over global monetary stability, geopolitical stability, U.S. fiscal sustainability, and U.S. political stability.”
While BTC’s exchange rate is remarkably volatile, its monetary supply is relatively stable. Whereas USD’s exchange rate is relatively stable, its monetary supply is remarkably unpredictable.
Owing to its famous white paper, Bitcoin’s digital monetary system is decentralized from any government, corporation, or individual. And via its legendary Genesis Hash, a guard against untethered fiat money printing. Poetically (and with tangible irony), BlackRock — the world’s greatest financial intermediary — is now cashing in on peer-to-peer BTC.
