@enigmadusk
Bessant actually has a hard time convincing central bank reserve managers to buy more Treasury bonds. However, there's a large population in the Global South that lacks access to dollar-denominated financial services and desperately wants a positive-yielding dollar account. As you know, all fiat currencies are rubbish compared to Bitcoin and gold. Yet, within the fiat currency system, the dollar remains the best choice. Domestic regulators, who control the majority of the global population, force their citizens to hold high-inflation, low-quality currencies and restrict their access to the dollar financial system. These people buy Bessant's Treasury bonds simply to escape their own struggling domestic bond markets. So, can Bessant provide banking services to these people?
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