Ben EB

Selkis on 2nd order risks of over-integrating bitcoin into U.S. Treasury policy: Too strong of a shift to bitcoin reserves may signal foreign investors to pivot away from Treasuries; treasury demand drops, rates rise; rising rates destabilize markets, put downward price

Lutnick says, “what a stablecoin is, is a digital dollar-based checking account all over the world” - true BUT he still over-focuses on the global rather than the digital programmable money settled by blockchain-based smart contracts is the true innovation to global finance