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Comment by MASNeo

3 hours ago

Why is everyone obsessed with US military when the news seems to be Bitcoin? Just like that the US Dollar suffered because clearly a crypto currency may well become what the US Dollar was, a commodity to exchange value in a way that nobody can reasonably refuse. Whether that is for better or worse, I think that is bigger news then whose got the bigger gun.

It is bigger news indeed. I think previously China and Saudi were settling their account deficit with gold, a big airplane load every now and then.

I think this is more due to the fact that the Iranian currency has completely collapsed.

One thing I'd wonder is whether using bitcoin actually involves real de-dollarization. Most stable coin is dollar based and other stable-coin don't seem like strong US competitors. China bans bitcoin trading so any Yuan/rmb based stable coin is marginal. So bitcoin seems strongly related to dollars.