USING BTC FOR INTERNATIONAL TRADE

It is likely the that we see the wolves on wall street will acquire at least one blue-ship crypto company because Goldman Sachs and others are interested in buying a few subsidiaries of FTX that remain Solvent. It is not just FTX either there are a lot of crypto exchanges and platforms that have gone bankrupt over the last year. Celsius, Blockfi, and Voyager digital are easy examples and it is possible if not likely that some of their business assets will be acquired by Trad fire institution looking to offer crypto services. There is even speculation that Coinbase makes be acquired by mega-banks like JP Morgan.

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As Masari CEO Ryan pointed out, this is unlikely to happen given Coinbase CEO Brian Armstrong controlled the shares in the company but is still in the realm of possibility. This is because the potential collapse of troubled cryptocurrency companies in the US like Digital Currency Group, Grayscale, and Genesis Trading could have a knock-on effect for Coinbase. Coinbase has also been involved with the USDC issue a circle that posted a surprisingly small profit in the fourth quarter of 2022.

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Both Coinbase and Circle are in the crosshair of the SEC. Regulatory action against one or both companies could cause coinbase stock to collapse even further than it already has. If Coinbase stock goes low enough, there is a scenario wherein a takeover of some kind could occur. After all, Coinbase is the largest crypto exchange in the US, and the big banks on wall street have been watching billion of dollars flow from the accounts onto their exchange over the last two years. They have also seen how money can take and how much data it can gather.

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BTC will start being used for international trade, some countries such as Iran may be using BTC for this already. Iran has not yet confirmed its using BTC but there other countries that have signaled their interest. Naturally, most of the countries that are interested in using BTC for international trade are those that have faced sanctions or scrutiny from the US and its allies. This list was one restricted to a few Rogue actions but it quickly expanding as we enter the so-called multi-polar world. At one pole, we have the US and its allies and on the other pole, we have the BRICS. As you make know already that the BRICS are currently working of their own reserve currency which will a combination of the existing currency.