One of the most bullish cases for ETH is becoming the primary base currency for trading BTC, more so than any fiat currency. If you want BTC, you will need ETH.
The Discount Window. The Swap Lines. The Standing Repo Facility. The Reserve Balances. The Bank Term Funding Program. The Term Auction Facility. The Commercial Paper Funding.
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We're going to pass the GENIUS act, issue trillions of dollars in stablecoins, enable instantaneous disintermediated online payments through the x402 protocol, and usher in a new golden age of crypto-enabled AI development.
It’s fascinating how people who ridiculed the possibility of dedollarization as a secular trend are now the ones screaming about it as a realistic threat to the world financial order.
Reserve currencies are temporary. Bitcoin is forever.