has long shilled the policy value prop of #bitcoin and you love to see policymakers collapse into his thesis.

Excerpt:

Global, organic demand for Bitcoin and USD-based stablecoins may help counter China’s geopolitical ambitions for the digital yuan and the Belt and Road Initiative

Proof:

If Bitcoin were to monetize to reach close parity with gold, the U.S. (holding the most Bitcoin) would gain relative to our adversaries and may serve as an asymmetric hedge against tail risks in the Treasury market.

Proof:

Well worth reading the entire thesis:
#bitcoin