Parker Lewis: Bitcoin Will Settle 100% Of Global Payments

Parker Lewis claims Bitcoin will settle 100% of global payments, highlighting the strain on the credit system due to a 107 trillion dollar debt. He discusses how the 2023 bank failures underscored the necessity of Bitcoin for payments, with merchants adopting it to avoid 3% card fees and chargebacks. Lewis argues that the dollar price of Bitcoin will become irrelevant as the Federal Reserve and Treasury have lost control over long-term interest rates, evidenced by 7%+ mortgages and corporate refinancing rates of 9-10%. He also addresses the misalignment between Bitcoin treasury companies and their investors, emphasizing that Bitcoin is already functioning as money. Lewis outlines the impact of the credit system's strain, comparing the current 107 trillion dollar debt to 52 trillion in 2007, and discusses the implications of perpetual preferreds as a currency swap.

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