This is exactly what I thought would happen, but I didn't think that it would happen this way.
I assumed that the far more likely scenario was that a collapsing government would destroy their own currency and people would start dumping their money into digital assets, the way the Venezuelans did with WoW currency and the like. I did not expect a populist to go full bore on BTC and just transfer the whole currency to it on purpose.
This is a dangerous situation. Last time, Lybia tried implementing a gold standard and got invaded, then 40 tons of Gold went missing. The Left-Establishment has been aming for a war with Russia for the past 10 years and part of it is because they dumped all their US bonds, have almost entirely existed the international debt-based monetary system, and have accumulated over 2,000 tons of Gold.
I expect assassination attempts on Bukele's life, and possibly a color revolution. The transfer of wealth to his country might be far too much to tolerate.
WOOOOO....
This is exactly what I thought would happen, but I didn't think that it would happen this way.
I assumed that the far more likely scenario was that a collapsing government would destroy their own currency and people would start dumping their money into digital assets, the way the Venezuelans did with WoW currency and the like. I did not expect a populist to go full bore on BTC and just transfer the whole currency to it on purpose.
This is a dangerous situation. Last time, Lybia tried implementing a gold standard and got invaded, then 40 tons of Gold went missing. The Left-Establishment has been aming for a war with Russia for the past 10 years and part of it is because they dumped all their US bonds, have almost entirely existed the international debt-based monetary system, and have accumulated over 2,000 tons of Gold.
I expect assassination attempts on Bukele's life, and possibly a color revolution. The transfer of wealth to his country might be far too much to tolerate.