BlackRock CEO Reveals the Surprise ‘Real Impact’ of Bitcoin on the U.S. Dollar

forbes.com

19 points·alwillis··5 comments

So it’s no longer just for money laundering, drugs and pedophelia?

To paraphrase John Maynard Keynes: If you owe the bank 1$ million, it owns you but if you owe the bank 1$ trillion, you own the bank.

My guess is all banks have invested heavily in crypto by now (either over or under the counter - by proxy) and their investments are slowly but surely becoming too large to fail. If you can't fignt them join them, right...

IMO, Bitcoin won't become a viable currency until it stabilizes, at which point it's no longer a viable investment vehicle.

There's a reason people don't keep the bulk of their assets in fiat current, but they also don't buy pizza with Microsoft stock.

I'd happily buy pizza with SPY. Why keep money in a near zero-interest bank account when I can hold beta. If markets were 24/7 with instant settlement of securities I could hold all my money in stocks and bonds. I wouldn't be concerned with holding cash for liquidity's sake. More so I could hold more of my money in securities representing interest in real property -- housing, arable land w/ fresh water, and commodities which are usually a better store of value than cash unless there is a liquidity crunch. There are good reasons why asset prices have been soaring for the past decade.

This is some clickbait, all he said was "digital currently" can have real impact, not bitcoin is here to stay and will have impact. Are HN readers even reading the articles anymore?

Forbes has also gone downhill.

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