Read_774 - Bitcoin Won't Fix the Federal Reserve

"Will Bitcoin adoption improve the monetary policy behaviors of the Federal Reserve? I submit that it won’t. I do not see the incentive for the Federal Reserve to give into anyone or anything, let alone Bitcoin. Be honest, Bitcoin is surely not big enough to be a threat to the U.S. dollar. The United States is far more concerned with U.S. dollar dominance being threatened by, say, the Chinese yuan. Bitcoin on its own has not destabilized anything." — George Kaloudis

Will the Federal Reserve be "reigned in" thanks to Bitcoin? Will the continued success of Bitcoin's growth and network effect mean that the Federal Reserve capitulates? That they admit the failures of their approach and start appeasing the sound money tropes and calls for austerity? George Kaloudis makes an entertaining case in today's read, that the answer is in fact, "No."

Check out the original article at:

https://bitcoinmagazine.com/markets/bitcoin-wont-fix-the-federal-reserve

If you want to support the show and an awesome new service, check out Prodcast.io to purchase any books (and other products in the future) that i have recommended on the podcast:

Bitcoin Audible – Prodcast

Check out our amazing sponsors who make this show possible:

• 9% off the Coldcard with code BITCOINAUDIBLE, ⁠⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠
• Check out the KYC Free, simple, no management, Bitcoin merchant solution, ⁠⁠⁠⁠⁠⁠⁠⁠Nodeless.io/guy⁠⁠⁠⁠⁠⁠⁠⁠. Use my link to go to ⁠⁠⁠⁠bitcoinaudible.com/nodeless⁠⁠⁠⁠ and setup your donation page for free, then share it out on Nostr or Twitter and tag me, and I'll throw 10,000 sats your way!
• Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. ⁠⁠⁠⁠⁠⁠⁠⁠bitcoinaudible.com/fold

-----------------------

“You only live once, but if you do it right, once is enough.” ― Mae West