I get a kick out of people who trash the dollar (and the Fed) while defending bitcoin. The dollar has a native constituency of 300 million and the largest military the world has ever seen. Bitcoin is the Ponzi hobby of people who can’t find a way to earn dollars.
And I get a kick out of those who would rather bury their head in the sand, Mr. Bird (no pun intended), than face reality. How are you going to pay for the largest military in the world after China stops loaning you money? No offense, but I suspect your observations of Bitcoin are little better than what you know about the state of the dollar. Even our military Chiefs have called our massive debt a threat to national security. It’s not rocket science, and history is filled with examples of nations who’ve all followed the same chute to the dust bin thereof. Our only hope, if we have one, is to face the facts and make the necessary corrections - as painful as they may seem at the time, not hide our heads.