That's exactly what I'm saying. It would be seen as a competing currency, like g... | Hacker News

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		david927 on Oct 5, 2021 \| parent \| context \| favorite \| on: US Gold Reserve Act That's exactly what I'm saying. It would be seen as a competing currency, like gold, and prohibited. Michael Burry tweeted this earlier this year, "Prepare for inflation. Re-opening & stimulus on the way. Pre-COVID it took $3 debt to create $1 GDP, and it is worse now. In an inflationary crisis, governments will move to squash competitors in the currency arena. $BTC #gold."

kayamon on Oct 6, 2021 [–]

Ah yes my mistake. The only question I guess is are we yet at the tipping point where Bitcoin reaches runaway adoption or not.

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