[Analysis] Bitcoin for safety
James O’Beirne, software engineer at Chaincode Labs, defends Bitcoin as an antidote to: underfunded pensions, endless QE, and a shifting political climate.
Bitcoin is designed, intentionally or incidentally, as a near ideal tool to have access to when this level of turmoil hits global markets, when governments start to engage in never-before-seen monetary experimentation, when Treasury departments and other political institutions start to lose their credibility. Trustless settlement makes Bitcoin the ideal “currency of enemies” and censorship resistance means unconditional liquidity.
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