The Bitcoin Bank of 2046
@dotkrueger Crypto 12 min read
Why the biggest banking revolution in history may still be ahead of us. Michael Saylor says he's building a Bitcoin bank.
Most people think this means issuing preferred securities like STRC, raising dollars, buying Bitcoin, and creating new financial products backed by a massive Bitcoin treasury. That's certainly part of it.
But I think we're thinking far too small. Let's fast-forward 20 years, to 2046.
Imagine Bitcoin has become one of the world's most important stores of wealth. Hundreds of millions of people hold it.
Corporations have it on their balance sheets. Pension funds, sovereign wealth funds, and family offices own enormous quantities.
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