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BCB078_CROESUS (Jesse Myers): The First 1% of Bitcoin Adoption

Blue Collar Bitcoin

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The BCB Podcast Is Sponsored by Leten

Being a Bitcoin is like playing a giant game of chicken with this debt problem. The Fed has sized up the magnitude of losing trust in the dollar. There aren't as many international buyers of US treasuries as there used to be. Nobody wants to own them, so the Fed is going to put them on their balance sheet. And they can do that because you don't want to hold more money than the nominal yield of the treasuries.

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