Haseeb

The fact that they're able to take money in UN is maybe a signal that like, OK, one, is China maybe going to start thinking about Bitcoin in a deeper way, given that it's like, OK, people in our sphere, our alliances are

they are saying that they're accepting either Bitcoin or Yuan.

Maybe it makes sense for us to start thinking about Bitcoin in a different way, that Bitcoin is a part of the weakening of the global US dollar regime or this alternative to SWIFT, this alternative to the US dollar banking system.

I don't think we're quite landing in the end zone yet for what that transition looks like.

But I do think China is scratching their beards looking at this and saying, huh, what does this mean about how we need to be thinking about Bitcoin going forward?

To my mind, when I saw the story, I was thinking less about, oh, what does it mean for Bitcoin?

What does it mean for crypto?

I was thinking more what it meant for China, because I think China is thinking very deeply about how geopolitics is changing very rapidly, especially as Trump is threatening to withdraw from NATO.

If Trump is stepping back from NATO, it really changes the US dollar hegemony and the US influence on SWIFT broadly.

It changes the way that many other countries are going to be thinking about their own financial sovereignty.

Bitcoin plays into all of that.

Yeah, I mean, I don't think it's really so confusing.

China has been very explicit in trying to internationalize the RMB.

They've not succeeded so far, but that was one of the explicit goals of the Belt and Road Initiative.

It's also one of the explicit goals of their CBDC.

I think the answer largely is that, yeah, it's sort of like, oh, man, it's so hard to be the most popular kid in the school, so hard to be student body president.

It's like, yeah, but everybody still wants to be that anyway.

They'll still take it, yeah.

Yeah, exactly.

If you can become the financial powerhouse of the world and get everybody in the world to buy your debt because they have to, yeah, boohoo, woe is you.