First Mover Americas: When $1M Bitcoin?

“The shock of canceling the world’s largest energy producer [Russia] from the dominant Western financial system cannot be undone,” Hayes wrote in an essay titled The Doom Loop, published Wednesday. “If [current account] surplus countries, most of which are outside the core Western axis, decide they would rather save in gold, hard commodities, and/or Bitcoin, then they will not purchase Western debt assets.”

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