Base Layer Capital's avatar
Base Layer Capital
npub1j6hg...l67v
Hard money. Cold storage. Structured Yield. Bitcoin eats TradFi.
I told my wife when Bitcoin hit 100K that after it pulled back and then rose above 100K again she could retire. She just gave her 2 week notice
The Beginning of the End We are in the early stages of the U.S. dollar losing its status as the world's dominant reserve currency. But unlike past transitions, I don't believe another national currency will replace it. Instead, we are headed toward a future where there is no reserve currency — there will be a global reserve asset (Bitcoin) and a world of local currencies that float freely against it. What is a reserve currency? A reserve currency is one that governments and institutions around the world hold in large quantities to facilitate international trade, stabilize exchange rates, and back their own currencies. For decades, the U.S. dollar filled this role because it was seen as trustworthy, liquid, and tied to a strong economy governed by rule of law. Why is this breaking down? Weaponization of the Dollar: Biden’s decision to freeze and seize Russian dollar reserves in 2022 was a major inflection point. It sent a clear message to the world: your dollar assets are only safe as long as the U.S. government approves of your politics. Trust — the foundation of any reserve asset — was shattered. Tariff Wars: Trump's broad application of tariffs against allies and adversaries alike deepened global mistrust. Countries began to question whether U.S. economic leadership was sustainable or reliable. Monetary Policy Recklessness: Years of unchecked money printing, ballooning debt, and politically motivated economic decisions have further eroded the dollar’s credibility. Where are we headed? The next global system will likely not center on a single government's currency. Instead, Bitcoin — decentralized, censorship-resistant, and finite — will emerge as the neutral global reserve asset. Local currencies will still exist, but they will float against Bitcoin, not against the dollar. In short: No new "reserve currency" — just a "reserve asset." Trust will shift from governments to open protocols. Bitcoin will be the ultimate neutral settlement layer. Tick Tock Next Block #Bitcoin
The Beginning of the End We are in the early stages of the U.S. dollar losing its status as the world's dominant reserve currency. But unlike past transitions, I don't believe another national currency will replace it. Instead, we are headed toward a future where there is no reserve currency — there will be a global reserve asset (Bitcoin) and a world of local currencies that float freely against it. What is a reserve currency? A reserve currency is one that governments and institutions around the world hold in large quantities to facilitate international trade, stabilize exchange rates, and back their own currencies. For decades, the U.S. dollar filled this role because it was seen as trustworthy, liquid, and tied to a strong economy governed by rule of law. Why is this breaking down? Weaponization of the Dollar: Biden’s decision to freeze and seize Russian dollar reserves in 2022 was a major inflection point. It sent a clear message to the world: your dollar assets are only safe as long as the U.S. government approves of your politics. Trust — the foundation of any reserve asset — was shattered. Tariff Wars: Trump's broad application of tariffs against allies and adversaries alike deepened global mistrust. Countries began to question whether U.S. economic leadership was sustainable or reliable. Monetary Policy Recklessness: Years of unchecked money printing, ballooning debt, and politically motivated economic decisions have further eroded the dollar’s credibility. Where are we headed? The next global system will likely not center on a single government's currency. Instead, Bitcoin — decentralized, censorship-resistant, and finite — will emerge as the neutral global reserve asset. Local currencies will still exist, but they will float against Bitcoin, not against the dollar. In short: No new "reserve currency" — just a "reserve asset." Trust will shift from governments to open protocols. Bitcoin will be the ultimate neutral settlement layer. Tick Tock Next Block #Bitcoin