@vinayvasanji.eth
Thought this take by Luke Gromen (https://x.com/LukeGromen) on X is compelling - links price rise of Bitcoin, to increased issuance of stablecoins, which then increases demand for US treasuries, which then helps the US fund its deficit
Ofcourse there are many more factors at play, but it does give an impetus for the US govt to take Bitcoin seriously ironically to preserve USD hegemony