Geopolitics has many definitions. Some say it’s the study of conflicts and interactions between nations in different geographies. Wikipedia says “it’s the the study of the effects of Earth’s geography – both human and physical – on politics and international relations”. More to the point, geopolitics is the stark realisation of ‘what is’ and, crucially, ‘what can’t be done’.
I was born and raised in a country with little to no sovereign power, because my country is a subsidiary of a larger political entity, which in turn is comprised by countries that are all – in one way or another – satellites, clients and subsidiaries of the U.S..
The government of my country can come up with a list of demands of what they want and need but geopolitical dynamics will dictate – not suggest – what we can actually can or can’t get. Ever wondered why some things never happen even though the majority of people constantly vote to see them happen? It’s not always about money. More often than not it’s because of geopolitics.
The same exact dynamics apply to the U.S. Dollar.
The U.S. Dollar isn’t the world’s reserve currency because it’s backed by gold (which it isn’t, even though some still think it is), or because the U.S. is the only government thats prints all denominations in the same size. It is the world’s reserve currency because America is the world’s leading empire, the world’s hegemon. It’s not the other way around.
A famous geopolitical analyst once said that “empires can’t retire”, they simply carry on being an empire – sometimes against their own will – till they fall apart, and as such, the U.S. needs to think about Bitcoin more than any other nation on Earth.
On the one hand, Bitcoin is a the most self-reliant form of money we’ve ever seen. With Bitcoin, we can get as close as possible to being immune to opinion and censorship. The U.S. knows this and they know that they need to use this to their advantage, because allowing other superpowers to dominate the crypto space would be inadmissable.
Fortunately for the U.S. – and dare I say for us – other superpowers like China and Russia have shot themselves in the foot when it comes to Bitcoin – albeit for entirely different reasons.
Bitcoin is like gravity. It is inevitable. It can be slowed down but it can’t really be stopped unless you’re ready to do something disruptive and destructive, like shutting down the internet for an entire continent for example. And permanently, not just for one day.
Bitcoin is objective. There’s very little about it that’s subjective. And that’s unheard of when it comes to money. After all, the term FIAT applied to money derives from Latin and it means “by decree”, because somebody said so.
You know what else is objective? I need coffee. I’m gonna go get some. Have a nice day.
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