In this video, I focus on how Bitcoin may allow a speculative foreign money assault, each on smaller currencies in addition to on the US Dollar itself.
If speculators drive up the worth of Bitcoin an excessive amount of of their native foreign money, it invitations speculative assaults on that foreign money by foreign money arbitrageurs, who’re arbing the worth of Bitcoin throughout the 2 fiat currencies.
Every time somebody buys Bitcoin and sells their native foreign money (or particularly borrows of their native foreign money to be able to purchase Bitcoin), it makes Bitcoin a bit bit stronger and the native fiat foreign money a bit bit weaker.
This is how Bitcoin will proceed to eat the world.
Not funding recommendation! Consult a monetary advisor.
Pierre Rochard’s “Speculative Attack” paper:
George Soros and Black Wednesday:
MicroStrategy borrows cash to purchase Bitcoin:
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