The world isn’t cooperating with those who want to think about one thing at a time:
In a report out today from Goldman Sachs about the future of money, the bank points out that 80% of bitcoin volume is now exchanged into and out of Chinese yuan. The second-highest trading currency is the US dollar, followed by smaller denominations in yen and euros.
The fate of Bitcoin is inextricable from that of the global monetary order, and coming at it from that direction is increasingly unavoidable.
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