The Power of Belief: Manifest Destiny Revisited with Bitcoin's Rise as the Global Reserve Currency

Manifest Destiny was the belief in the 19th century US that it was the divine destiny and right of the American people to expand and settle across North America, from the Atlantic to the Pacific Ocean. This idea helped to shape US policy and influence territorial expansion, including the annexation of Texas, the Mexican-American War, and the California Gold Rush. It had a significant impact on the indigenous populations and the nation's foreign relations.

The concept of Manifest Destiny was largely a political and cultural ideology, rather than a predetermined fate or divine plan. It was used to justify and rationalize territorial expansion, economic interests, and nationalism. While some saw it as a divine mission, it was primarily driven by political, economic, and social factors, rather than actual destiny.

But belief in Manifest Destiny as a cultural and political ideology made it a reality in several ways:

1. Justification for territorial expansion: The belief that it was the destiny of the US to expand its territories provided a moral and ideological basis for territorial acquisition.

2. Nationalism: The belief in Manifest Destiny fueled American nationalism, as people saw their expansion as fulfilling a greater purpose and mission.

3. Diplomacy and military action: The belief in Manifest Destiny shaped foreign policy and influenced the government to take diplomatic and military action to acquire new territories.

4. Public opinion: The widespread belief in Manifest Destiny helped to shape public opinion, making it easier for the government to pursue territorial expansion and for the American people to support it.

By shaping the motivations, decisions, and actions of those in power and the public, belief in Manifest Destiny helped to turn it into a reality.

The belief that Bitcoin will become the next global reserve currency shares similarities with the belief in Manifest Destiny in that both are driven by ideology and the pursuit of a grand vision.

1. Ideology: Both beliefs are driven by a set of values and beliefs about the future and the role of their respective subjects (the US and Bitcoin) in shaping it.

2. Grand vision: Both beliefs propose a grand vision of a future world, where the US would dominate the continent and Bitcoin would replace traditional fiat currencies as the dominant form of currency.

3. Pursuit of a goal: Both beliefs drive people to take action and make decisions aimed at realizing their grand visions. In the case of Manifest Destiny, it influenced US territorial expansion and military action, while in the case of Bitcoin, it drives investment and adoption.

While beliefs can shape reality, they do not necessarily dictate it. The outcome of the pursuit of both Manifest Destiny and the belief in Bitcoin as a global reserve currency will ultimately be determined by a complex set of factors, including technological advancements, political developments, and market forces.

Like Manifest Destiny, the belief in Bitcoin as the next global reserve currency is now actively shaping its future in several ways:

1. Investment: The belief drives investment in Bitcoin, increasing its market capitalization and liquidity, and attracting more people to use it as a store of value.

2. Adoption: The belief drives adoption of Bitcoin, as more people, businesses, and institutions start to use it as a medium of exchange, contributing to its network effect and reinforcing its role as a currency.

3. Infrastructure development: The belief in Bitcoin as the next global reserve currency drives the development of the necessary infrastructure, such as exchanges, wallets, and payment systems, to support its widespread use as a currency.

4. Regulatory developments: The belief influences regulatory developments, as governments and central banks respond to the growing interest and adoption of Bitcoin, potentially affecting its future trajectory.

By driving investment, adoption, infrastructure development, and regulatory attention, the belief in Bitcoin as the next global reserve currency is actively shaping its future and contributing to its potential to fulfill this role.

Could anything have stopped the USA from realising its manifest destiny in the relentless march of westward expansion? Is there anything now that can stop the most perfect money ever created from being chosen by the global market?

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