In 2021 El Salvador became the first nation to adopt bitcoin as legal tender, a monumental occasion on bitcoin’s monetization path. Despite this encouraging development, I do not think we are going to see many major nations following in its footsteps just yet. Small, dollarized countries will be tempted. But for the vast majority of … More SM (ed.19): Rogue State Demand?
The political and economic sun has been rising in the East over the past century with China playing an increasingly important role in global geopolitics. Despite this trend, I have long been sceptical of China’s centralised and autocratic governance structure. 2021 could be a monumental year, exposing the frailties of excessive control. If bitcoin proves … More SM (ed. 16): The geopolitical event of the decade