Hyper-Stablecoinization: From Eurodollars to Crypto-Dollars
Crypto-dollarization is the world's next best hope to meet its insatiable demand for U.S. dollars.
Noelle Acheson explains how the dogecoin rise exemplifies the creative destruction underway in markets, and what a potential Coinbase listing could mean for the development of crypto.
"Now anyone could be an investor in one of the most cutting-edge technology companies out there. All they needed was an internet connection and at least 0.01 bitcoin."
A 51 percent attack on Bitcoin Gold was unsuccessful.
A reading of a piece by a Yale professor and former head of Morgan Stanley Asia arguing the dollar’s status is changing rapidly.
Analysts expect bitcoin’s positive correlation to traditional markets to continue and strengthen.
Money requires a network effect, helped by the self-reinforcing idea that “everyone’s using it because everyone’s using it.”