I am reading Ray Dalio’s book “The changing world order” and I believe it succinctly highlights the major problems for the world and specifically the US in light of past macroeconomic trends. His description of long term debt cycles, the ebbs and flows of reserve currency status, and determinants of social and cultural cohesion do not pose a pretty picture for the world.
So many of the issues he raised were due to the debasement of the dollar which we are seeing in real-time now. However, there were so many times when the fundamental problem could be solved by Bitcoin. The book was fascinating but by the end of it, besides all the human elements of the story, my thought was Bitcoin fixes this.
I do not have a finance background but I am an avid reader. This is not the first book where this has occurred. The more I learn about finance and economics the more I understand the impacts that Bitcoin will have on our world. It will be a rocky road to reserve currency status but I am now firmly convinced Bitcoin will get there. I have been enjoying buying this dip. HODL.
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