- Christopher Calicott, founder of TVP, sees Bitcoin as encapsulating the promise of property rights crucial for the West’s success.
- Calicott’s sentiment was expressed in response to Coinbase CEO Brian Armstrong.
- Armstrong discusses the changing world order, suggesting that countries inflate their money supply until losing reserve currency advantage.
In a recent exchange on X, Christopher Calicott, founder of TVP, expressed a powerful sentiment about Bitcoin. Calicott stated that Bitcoin encapsulates the promise of property rights that has underpinned the flourishing of the West.
Calicott’s tweet was in response to a tweet by Coinbase CEO Brian Armstrong, who had been contemplating the role of Bitcoin in extending Western civilization. Armstrong posited the idea that Bitcoin might be the key to prolonging the strength of Western civilization.
Armstrong highlighted the ongoing discussion about the changing world order, where countries with reserve currencies tend to inflate their money supply until they lose that advantage. In the context of the U.S., Armstrong suggested that, despite being on a similar journey, the availability of crypto might provide an alternative for citizens, acting as an antidote to inflation.
Contrary to concerns that this shift to crypto might threaten the dominance of the dollar, Armstrong argued that it could be a natural check and balance, complementing the dollar and serving as the best defender of long-term American interests and Western civilization as a whole. He envisioned a coexistence of fiat and crypto, emphasizing the role of stable coins like USDC in bridging these two financial worlds.
Armstrong also reiterated the significance of Bitcoin in extending the core tenets of economic freedom, including property rights and sound money, which are integral to Western civilization’s success. Calicott highlighted that it matters more than most realize. He also mentioned that “we’ve been the beneficiaries of this reality through sacrifices made long before we got here.”
The exchange between the two highlighted the optimism surrounding Bitcoin’s potential role in shaping the future economic landscape.
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Source: https://coinedition.com/analyst-backs-coinbase-ceo-on-bitcoins-western-role/