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The Dollar Changed. Bitcoin Is the Endgame | Matt Dines — Key Takeaways

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The Dollar Changed. Bitcoin Is the Endgame | Matt Dines

What Bitcoin Did2h 35mJun 26, 2026

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The U.S. is shifting from Fed/offshore-dollar dominance to Treasury/stablecoin-dollar dominance, making Strategy's perpetual preferred securities the riskiest frontier credit in this transition — avoid buying at par with no margin of safety.

Key takeaways

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In this video

  1. 1mIntroduction
  2. 1mWhat happened to STRC?
  3. 17mCredit Risk and Perpetual Preferreds
  4. 30mThe Risk Facing Bitcoin Treasury Companies
  5. 48mThe End of the Old Dollar
  6. 1h 1mFrom Fed Dominance to Treasury Dominance
  7. 1h 15mCBDCs vs Stablecoins
  8. 1h 22mThe Strategic Bitcoin Reserve
  9. 1h 31mStablecoins, T-Bills and the New Dollar Rails
  10. 1h 40mWhere Bitcoin Fits
  11. 1h 52mThe Three Dollar Systems
  12. 2h 18mBitcoin as the Base Layer
  13. 2h 25mHolding Bitcoin Through the Transition

We're moving from an era of Fed dominance and Treasury subservience to an era of United States Treasury dominance.

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