The New Bitcoin-Dollar System (Bad News)
From Matthew Kratter's Bitcoin University
## Video Description
> In this video, I discuss Mark Goodwin's thesis about the Bitcoin-Dollar System, which is a theory that Bitcoin adoption by the US government will be rolled out in such a way that helps to preserve US dollar hegemony, while encouraging people to continue to buy and hold US Treasuries via USD stablecoins.
> Tether has become a key player in this game, and has positioned itself as the US government compliant stablecoin provider, enforcing OFAC-sanctions and onboarding the FBI and Secret Service.
> Tether is now investing in spy satellites, along with Howard Lutnick who runs Cantor Fitzgerald, which is Tether's main custodian for its holdings of US Treasuries.
> Meanwhile, Senators Gillibrand and Lummis have put language into their stablecoin bill that will make algorithmic stablecoins illegal in the US, thus ensuring that Tether and other companies that buy massive amounts of US government debt will continue to take market share and help to fund the US federal government.
> I'm here for global Bitcoin adoption, not to support projects that further US dollar hegemony and help to finance an out-of-control US federal government.
originally posted at