Velina Tchakarova, geopolitical strategist and founder of FACE, argues that the world has entered a new Cold War between the United States and China. The United States is seeking to preserve dollar supremacy, notably through stablecoins, while China and Russia are developing state-controlled digital currencies such as the digital yuan and the digital ruble. She presents Bitcoin as a decentralized third way that could serve as a bridge between these two financial architectures. She says the fragmentation of the global system will increase pressure from governments on Bitcoin and prevent the cryptocurrency community from remaining insulated from geopolitics. The episode also discusses the Strait of Hormuz, oil markets, rare earths, chips, artificial intelligence, and the relationship among Donald Trump, Xi Jinping, and Vladimir Putin.
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