explain all this more simply
Okay, let me try to summarize this in simpler terms:
Different assets like stocks, bonds, and cryptocurrencies compete for limited investment money.
Bitcoin has gained some acceptance as an alternative currency and store of value.
The US government has worked with private companies to support the US dollar as the dominant global currency.
Both Republicans and Democrats know the US has too much debt, but don’t want to address it because it’s politically risky.
Attitudes may change to realize unlimited printing of money and debt is not sustainable, like views changed on climate change.
Some think alternatives to the US dollar would be bad, but they could ease the pressure on the US dollar as the main global currency.
This would reduce the ability of the US to print money without limit, but also reduce the burden of the US dollar being the only trusted currency.
Bitcoin and other cryptocurrencies could provide alternative safe places to store value. This would lessen the singular power and responsibility of the US dollar.
Let me know if this simpler summary helps explain the key points or if you would like me to clarify or expand on any part of it. I’m happy to reword things or go into more detail if needed.