It may have been too much politics for Bitcoin Maxis, but the fact that a former and likely incoming US president is giving his go-ahead for Bitcoin adoption on a national level is truly history in the making.
One note up front: from my personal perspective, it is important that individuals take a stand against the predatory state bureaucracy and empower themselves with hard assets like Bitcoin. What the state does with Bitcoin and other hard assets is of secondary importance, as from a humanist point of view it is about safeguarding the values of individuality, individual sovereignty, free market economy, private property and private autonomy, whatever the cost. Bitcoin is the vehicle that promotes these fundamental values for a prosperous civilization due to its unique incentive structure. You know: the drastic reduction of time preference, which enables the individual to reduce entropy and become master of their own economic energy and its utilization.
The fact that Donald Trump, probably the next US president, together with a whole host of other politicians, is now proposing Bitcoin as a reserve asset for the US Treasury and possibly the Federal Reserve is epoch-making. All countries need to ask themselves at this point: how do we escape the debt trap, how do we avoid a collapse of our fiat currencies, which we have used for decades to take people to the cleaners via a hidden seignorage robbery in order to push through our nonsensical programs and disguise vote buying.
Trump's growing shadow is already hovering over many countries, especially the European Union, on the issue of NATO funding. This does not bode well, as the threatened withdrawal of the security umbrella financed by the USA would create new fiscal hurdles for Europeans' already fragile public finances.
And now this move on monetary policy issues. Ironically, it coincides with the almost panic-stricken exit of Germany, the largest economy in the European Union, from the Bitcoin race. The 50,000 coins that were confiscated by the german state of Saxony were fired almost carelessly into the market, while at the same time Finance Minister Christian Lindner tried to persuade the Bundesbank to sell some of their gold holdings. Something is up, something is no longer right in the European Union, and the diametrically opposed policy of the United States, which seems to be increasingly backing Bitcoin on a bipartisan basis, is like the next sword blow to the already mutilated body of Europe.
At this moment, it is increasingly clear that the mainstream is also joining this movement, as an article in Forbes magazine shows. By current journalistic standards, an almost neatly crafted, neutral article on the importance of Bitcoin as a reserve asset for the American economy was published! Something is changing, the Bitcoin revolution is picking up speed. Only those who, for ideological reasons, remain in a childish oppositional role, bumbling around and no longer willing or able to acknowledge reality, are being left in the dust.
The old continent is turning into an industrial museum before our eyes, it is pursuing dr-industrialization through a strange regulatory policy that only those who know the geopolitical background of the European Union and its energy shortages can understand. The attempt to force the world to adopt a net zero emissions policy and thus be able to sit on the geopolitical chessboard has failed. Bitcoin would have been an opportunity to lend stability to the euro, which will rapidly lose value in the future given the dwindling power of Europeans in the energy markets. It is not alarmism to say at this point: the lights are slowly going out in Europe.
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This is why I wrote about the promises. Not because I like Trump or trust him or think Bitcoin needs people like him. It's because bitcoin can't be ignored. We don't need him. That's true. But he needs to show he is on bitcoiner's side. That is historic.
You can view it as good or bad. It's significant. I say it is inevitable if bitcoin is what we believe it will be. There will be many other things we won't like before bitcoin wins. Get used to it. Think. Use your brain. Don't be a follower, even of bitcoin influencers.
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Good advice
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Great write up! It's definitely history in the making! Not only Trump but current ruling party has also started singing songs about Bitcoin.
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I would change this title to "The Geopolitical Move To Bitcoin's Level" :-) You almost got it right... lol Now they get it, they can't ignore it, so they will play with it and claim it as "I support Bitcoin" Bitcoin doesn't need you (except stay out of the way and don't be an obstacle) You need Bitcoin... Anyway, its nice to see the support regardless of their true intentions and it gives one hope that it will get better in this space....
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IMO, Bitcoin is just getting started. Within a few years, we'll see Bitcoin grasping the all of humanity. Did we have anything before Bitcoin that could suggest a massive shift towards sound money and individual sovereignty? Obviously, we won't find one.
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God forbid that this happens! Where politicians put their tentacles, everything goes to ruin. As usual, they will set up the system against us.
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Honestly, I think it's an excellent publication 👍👍... and I agree because if we really think about it, when the United States accepts or adapts to using Bitcoin to settle or balance the debt... it will be an unprecedented step and that In Europe I don't think they will see it in a good way!! And if we add that if something like this happens the cost or the Bitcoin asset should increase its price yes or yes... I really like this news 👍
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Bitcoin has just decided to take over the world for everything. Just wait a few more years, it will be everything from money to politics to religion!
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Good perspective, Tom. Some of us can't get past Trump's syntax (I'm guilty) to see the bigger picture.
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Thank you. but please allow me to make a side note about Trump: his reaction to the assassination, this immediate fighting spirit, that was a sensational signal. i have never seen anything like it.
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True, and that instant reaction can't be faked. I was also impressed.
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And all this as a 78 year old...
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I like the way you’ve connected the possible dots between that Forbes article and the EU’s multiple problems.
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Thank You. Just watching and speculating how figures are moving on the geop. chessboard
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History in the making, but will they push bitcoin in a good direction, or will they vilify it?
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