I don't know where this meme came from. If the U.S. government declared Bitcoin legal tender tomorrow, it would be monumental. But practically speaking, not that much would change. The Fed would buy Bitcoin the way e.g. the Swiss National Bank buys dollars and euros. And the Treasury would issue Bitcoin bonds or something, I don't know.
Cryptocurrencies currently make it easier to evade taxes, which benefits the rich, and easier to make money in a host of new financial activities, which benefits those near those activities, i.e. people with money and banks and first movers in the technology.
I don't know where this meme came from. If the U.S. government declared Bitcoin legal tender tomorrow, it would be monumental. But practically speaking, not that much would change. The Fed would buy Bitcoin the way e.g. the Swiss National Bank buys dollars and euros. And the Treasury would issue Bitcoin bonds or something, I don't know.
Cryptocurrencies currently make it easier to evade taxes, which benefits the rich, and easier to make money in a host of new financial activities, which benefits those near those activities, i.e. people with money and banks and first movers in the technology.