#Crypto #Bitcoin #CryptoNews #Investing #yahoofinance
Crypto tried to escape the US government. Now it helps fund it.
Crypto was supposed to end the dollar. Instead it built the dollar's best distribution network. Stablecoins are now roughly a $300 billion market, almost all of it denominated in dollars, with reserves parked in short-term Treasury debt.
Scott Melker's point is that a saver in Argentina or Turkey buying digital dollars ends up helping finance the US government, and Washington eventually worked that out.
He walks through the GENIUS Act, the Fed's own conference on what stablecoins do to the dollar's global role, why euro stablecoins never took off, and where Bitcoin still fits once the dollar has better software.
Timestamps
0:00 Crypto was supposed to kill the dollar
1:19 The dollar with better software
2:11 Why people actually choose digital dollars
4:12 Why Washington changed its mind
5:32 How a peso becomes Treasury demand
6:58 The caveats, including what this does not fix
8:18 Dollarization at internet speed
9:29 The problem for crypto purists
11:46 Where Bitcoin actually fits
14:04 The question Washington should have asked
#Bitcoin #Crypto #Stablecoins #Dollar #Treasury #YahooFinance #ScottMelker #DailyWolf
==
AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors.
👉
|
The news doesn’t stop when markets close...
Today, we look at two record breaking do...
A more dangerous world is pushing the Pe...
US President Donald Trump has said he wo...
Pointed offers a strategic twist to the ...
When KIND's $60 million deal with one of...
Joining David Gura on Bloomberg This Wee...
PNC Chief Investment Officer Amanda Agat...
Sawyer Merritt and Kevin O'Connor both r...
Mingma Gyalje Sherpa was friends with Ni...
Former US Energy Secretary Ernest Moniz ...
The Department of Energy is investing $5...
Tesla says it has passed one million uns...
Four Reasons ARK's Still Bullish On Bitcoin
Is Bitcoin broken, or is it just changin...
Crypto tried to escape the US government. Now it helps fund it.
#Crypto #Bitcoin #CryptoNews #Investing ...
Crypto tried to escape the US government. Now it helps fund it.
#Crypto #Bitcoin #CryptoNews #Investing ...
Four Reasons ARK's Still Bullish On Bitcoin
Is Bitcoin broken, or is it just changin...