Jack Mallers's vision for Bitcoin ($BTC ), Stablecoins, and US Treasuries is truly groundbreaking, redefining how we think about macroeconomics!
Here is a TLDR of his core argument:
*US stablecoin regulation (like the GENIUS Act) mandates issuers hold vast reserves in US dollars and short-term US Treasuries 🇺🇸
*As the stablecoin market explodes, this creates an insatiable, new demand for US debt, effectively becoming a "debt sink" for the US government 📈
*This newfound financing allows the US to print more dollars to cover its ever-growing deficits, inevitably leading to dollar debasement and inflation 💸
The ultimate consequence? Bitcoin emerges as the unparalleled inflation hedge and store of value, driving its price significantly higher as people seek refuge from fiat devaluation.
Mallers suggests Bitcoin isn't just an asset; it's becoming a structural component that paradoxically helps finance the US's fiscal challenges.
A bold thesis is worth considering! 🤔
Prepare your bags 💰
