The article suggests that Donald Trump's re-election and the success of Bitcoin ETFs earlier in the year have contributed to Bitcoin's rise toward $100,000. The anticipation of a pro-Bitcoin US administration and increased government support is driving investor optimism. This could lead to higher prices and more countries adopting Bitcoin. The article explores the potential impact on countries like El Salvador and Argentina, as well as the opportunity for smaller economies to leverage Bitcoin for capital markets. It criticizes the tokenization efforts of major financial institutions for their lack of decentralization and limited accessibility. The author believes that countries like El Salvador have the opportunity to streamline capital markets, disintermediate unnecessary roles, and encourage broader market participation through Bitcoin and Tether. The article predicts a race between different approaches to tokenization, with developed vs. developing economies, open source vs. permissioned chains, and inclusion vs. institutional-only models vying for dominance. Overall, the author sees a good chance for freer, cheaper, and more inclusive markets to come out on top.



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