[soared]

I don’t really see how/why/etc Bitcoin would achieve that use case. If governments and financial institutions aren’t bag holders then they are extremely financially motivated to stop that from occurring, and afaik those groups aren’t holding huge Bitcoin reserves (maybe fidelity is, or at least was).

[dutchbookmaker]

Meanwhile, Huawei Harmony just embedded the digital yuan at the system level.

All the ETFs mean is that it will be so much easier to get out of the position and cause even bigger cascades of selling than before when the next shock happens.

You can't have a reserve currency with an asset that has so much volatility it can't even function as a currency.

[dnamlin]

This seems like a comment from 10 years ago. In 2025, Larry Fink just announced he's a "big believer" at Davos, and the President of the United States ordered his team to evaluate creating a huge reserve.