Here’s how Bitcoin is rewriting the rules of money, despite questions over ‘true adoption’

• While Bitcoin held a stable over $ 100,000, the adoption of the mainstream was limited
• Stablecoin regulations can strengthen the US treasury of the cash register and strengthen the dominance of the dollar in the crypt

Bitcoin [BTC] managed to maintain its position over a $ 100,000 critical product, which emphasized resistance despite recent market volatility seizures. At the time of writing, the largest crypto He traded for $ 108,887.85, after the last 24 hours after modest profits 0.75%.

Now, while this stability is an important milestone on the Bitcoin market path, questions about its wider adoption still persist.

Bill Miller about accepting bitcoins

During the recent appearance At Coin Stories, Bill Miller IV, Cio of Miller Value Partners, he noted that although Bitcoin has achieved impressive price levels, the mainstream was still not fully accepted.

His comments emphasized the growing sentiment among veterans in the field that the market success of bitcoins has not fully transferred to everyday use or widespread institutional integration.

Said

“Yeah. Well, Tradfi is always the first tractor of this type of thing, just because it is a risk of risk management.”

During the podcast, a convincing point was also raised about the growing role of US state cash registers in the emerging landscape of digital assets. The discussion touched the irony that while every US administration, regardless of political affiliation, claims that the dominance of the dollar promotes, many of their policies can actually weaken it.

The particularly evoking idea was whether the artificial demand for treasures could be created by ordering them for the issuers of Stablecoin to hold them within their capital reserves.

This potential requirement could put state treasury even deeper into the ecosystem and effectively strengthen the global position of the dollar under the robe of regulation. Such a step, albeit strategic, also reveals how politicians can use the framework of digital assets to strengthen traditional financial instruments, albeit unintentionally.

He watches the same, Miller added,

“I think it will depend, you know, from the end of the day, a clean impact on the overall treasure size that adheres to the overall market. And I think it’s probably not so big, but I don’t know again. So you know, I shouldn’t talk about it because I don’t know.”

What are the macroeconomic trends indicating?

It seemed that the decline in active addresses confirmed this. Reading its printing indicated a decrease in network activity, often due to lower users’ involvement, market uncertainty or investors who held a transaction.

Such immersion, however, does not always come across a bear trend. In fact, it can only reflect Cooldown after a recent overvoltage.

Moreover, when it comes to macroeconomic trends, one truth is clear – their prediction is an incredibly complex and often futile task.

Even seasoned analysts admit that macro is notorious to predict with accuracy. Miller said it best when he said, “Nothing stops this train,” emphasizes the tireless driving power of inflationary monetary policies around the world.

It can be because every main global currency is under pressure to keep the print to cover balloon deficits, $ 1.9 trillion in the US. This systemic need to make money will not leave soon. From the point of view of the theory of games, such reality strengthens only the long -term case of bitcoins.

Miller also explained that if you overlap the performance of bitcoins with a money supply M2, correlation becomes increasingly convincing.

In the short term, markets may fluctuate and economists may sound too late. In the long run, however, bitcoins benefit from macroeconomic chaos.

In the middle of the surrounding volatility, the basic value of bitcoins will continue to strengthen the bull’s long-term outlook, despite the closeness of Fiat currency, despite the close uncertainty.