JNS

📚 PhD Candidate @ Fudan | #ReserveCurrency expert with research on #CurrencyStatecraft 🇺🇸(🇪🇺)🇨🇳 | Undecided between Japanese and Italian cuisine 🍣🍕

[JNS @JNSchubert]

@carney @FiatSocialist Besides bitcoin will not be able to stabilise USD prices in a way gold was able to in the past

[JNS @JNSchubert]

@GlobalMktObserv And with further tariffs to come, we can expect further appreciation in the short term

[JNS @JNSchubert]

TL;DR: Bitcoin reserve is an exciting idea but it doesn’t meet the requirements of a solid reserve asset itself. The USD’s dominance is built on stability, trust, and liquidity—none of which Bitcoin can currently offer.

Thoughts?

[JNS @JNSchubert]

A #BitcoinReserve to strengthen the $USD? Let’s break down why it’s unlikely to work in practice. A thread

[JNS @JNSchubert]

Benjamin Cohen’s “currency statecraft” argues reserve currencies thrive on stability, deep markets, and geopolitical power. BTC? It ticks none of these boxes. Additionally it’s regulatory risk is real and so far no US government was willing to give up monetary monopoly

[JNS @JNSchubert]

@dravirmani @dravirmani what about India promoting the rupee within the BRICS? Is that an option?

[JNS @JNSchubert]

@tate_ulsaker Well only if gold is enough of an argument for investors to trust the Chinese legal system

[JNS @JNSchubert]

@Currentreport1 After all the main benefit would go to the $RMB and we know the level of friendship between India and China

[Current Report @Currentreport1]

BREAKING:

India rejects BRICS offer to trade in local currency.

India and those stationed in the US want to keep the US dollar intact.

[JNS @JNSchubert]

Plus deep, liquid financial markets, trust in US institutions, and institutional agreements

[JNS @JNSchubert]

@digitalassetbuy Only the US would be able to break the government monopoly on money

[JNS @JNSchubert]

@AlexLWitt Petrodollar disarmament is definitely worth watching, but the $USD’s #reservecurrency dominance goes far beyond oil - being anchored in deep and trusted financial markets, trade, and US institutions. So yeah, likely more gradual then most of us invest in BTC

[JNS @JNSchubert]

@RBASHAGGER With an interest rate of 5% and loan for 35years, you even become a multimillionaire

[JNS @JNSchubert]

@solidintel_x BRICS currency initiative is much about the RMB, and China not the biggest friend of India

[JNS @JNSchubert]

@wolfofwolfst Not surprising given geopolitical developments and the use of the the #USD as #statecraft against Russia and others. Especially the development of RMB and diplomatic efforts by #BRICS nations will be determining for the future of the USD

[JNS @JNSchubert]

@ElonMuskAOC More like Orange Standard