Could Bitcoin Bankrupt The US Government
In this video, I discuss the doom loop that could be set into play if enough entities sell off some of their US Treasuries and buy BTC with the proceeds.
By doing so, they marginally push up the price of BTC vs the US dollar, thus attracting more people to Bitcoin-- while at the same time pushing down the price of US government bonds, and thus increasing the interest rates at which the US government is forced to borrow.