Prince Philip of Serbia: "only way around inflation is Bitcoin" - page 3.

Poker Player

legendary

Activity: 1372

Merit: 2017

There is one thing I would highlight from this, regardless of whether he is a prince, and that is that someone who works in financial services in the City has such a positive view of Bitcoin. Let's remember that until not so long ago it was seen as junk. If people working in the financial sector are starting to see Bitcoin as we do it's a good sign.

Quote from: stompix on March 21, 2022, 10:35:59 PM

...there are a lot of poeple who have some inexplicable hate for monarchies, especially after 50 years of communism brainwashing.

I don't know what good you see in monarchies. It is true that those who have questioned monarchies have traditionally been leftist movements, but to me that someone has a position of power simply for being someone's son seems to me more typical of primitive societies than of advanced societies in which one earns one's position by merit and not by birth.

Another thing is that monarchies today have an ornamental role more than anything else, but they usually enjoy public goods and have public resources allocated to them. I don't see why these privileges have to be assigned to someone by birth.

Btw: why do you write "poeple"? I first I thought it was a misspelling but as you always write like that, I am pretty sure you do it on purpose. Is it because you pronounce it like that?

Best, Poker Player.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: crwth on March 21, 2022, 10:20:56 PM

I do agree with the Prince. It is one of the solutions to inflation, and we need to act on it now. It may not be as big of an impact as you may expect, but that's how it will move forward. People need to understand how important that is to the economy. Having more BTC than fiat currencies; it's just to save its value, and continuing to do so would be suitable for financial stability.

It's good to see that Serbia has enacted a Digital Assets Act (DAA). Maybe other countries will follow suit as well.

It's a hedge, and not just a financial hedge, it's an actual hedge against the cabal who were NOT voted in by the people to be in control of the monetary system.

I believe next time we will hear such people as the prince say that Bitcoin is a protocol that can weaken political and financial strongholds. I believe the people are only starting to understand this underlying nature of Bitcoin's design. It is not priced in yet. Cool

bittraffic

hero member

Activity: 3038

Merit: 617

^ Taking away the money from the state sounds very offensive to the government. Any media that will pick this up will really interpret this as a revolt against the monetary system. But it's true though. He certainly knows what he is saying. This is why the world will not be the same once cryptocurrencies are being adopted and treated as world reserves which FED Chair Powell also stated that there could be more than one reserve currency.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

There's probabky two ways to take this:
1. The prince of quite a poor country stating they want control to be taken away from states and fiat currency could mean a way to allow for a fairer systems where the whole world competes with each other and we don't have things like furlough (during covid) which only wealthier countries could afford afaik.
2. The other way to take it is for what it is. Inflation itself drives a lot of inefficiency in the modern economy and, if it's removed, a lot of that inefficiency will go with it - eg people investing in assets or safer stocks and producing bubbles every recession.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote

“Well we need to take the money away from the state.”

Oh god, the royal family has just completely returned to Serbia a few years ago and he already wants to flee the country again?
Of course, he has no influence, the royal family is just on paper, he is not even the crown prince, he's the younger brother so not in line for succession but all around the remains of the Austria-Hungary empire, there are a lot of people who have some inexplicable hate for monarchies, especially after 50 years of communism brainwashing.

The three kinds are born in the west, educated in the US and UK in finances and spent a lot of time in different countries, it's no way they wouldn't see the obvious when a state is deeply corrupt you don't have a chance to oust corruption other than cutting the money flow, without money the corruption loses power. Good luck changing something there, if it comes to stubbornness and opposition you picked one of the worse spots to start with, especially now.

Back to the article, the author missed to highlight the most important thing:

Quote

When the topic of crypto came up, he started commenting on the value of cryptocurrencies, but after a few sentences, he corrected himself by saying, “Not crypto but bitcoin. It’s only about bitcoin.”

I'm starting to like this guy.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

I do agree with the Prince. It is one of the solutions to inflation, and we need to act on it now. It may not be as big of an impact as you may expect, but that's how it will move forward. People need to understand how important that is to the economy. Having more BTC than fiat currencies; it's just to save its value, and continuing to do so would be suitable for financial stability.

It's good to see that Serbia has enacted a Digital Assets Act (DAA). Maybe other countries will follow suit as well.

nullama

hero member

Activity: 1008

Merit: 960

A bit of background about him here: https://royalfamily.org/royal-family/hrh-prince-philip/

To summarize, Prince Philip of Serbia was born in 1982, so he's relatively young, and is currently working with a global asset manager in London.

At a Serbian TV talk show, he mentioned a few things about his job:

Quote from: https://cryptoslate.com/prince-philip-of-serbia-says-only-way-around-inflation-is-bitcoin/

"I analyze and mainly tell clients what happens with the market, what’s going on with their portfolios, and I speak with a lot of other analysts and a lot of other portfolio managers within the company. We help to make decisions … It’s a great experience to be an analyst. I learn a lot."

Interestingly, it seems that he has indeed learnt a lot about Bitcoin. This is what he mentioned on TV:

Quote from: https://cryptoslate.com/prince-philip-of-serbia-says-only-way-around-inflation-is-bitcoin/

"Well we need to take the money away from the state.

Especially since that last financial crisis in 2008 when the extraordinary stimulus has been pumped into the economies. And since then with the Corona pandemic, unprecedented amounts of stimulus have been pumped into the economy and, of course, where is this money going to go? It’s going to create inflation.

I think we need to have hard money again. We need to have good quality money that’s not subject to inflation.

With Bitcoin, you don’t have the freedom to keep printing. You have a cap of only 21 million bitcoins that are going to be produced. Therefore it’s never going to be an inflationary asset and this helps to protect people.

And he also mentioned how Bitcoin is not tied to any country in particular, and how it can provide freedom to people:

Quote from: https://cryptoslate.com/prince-philip-of-serbia-says-only-way-around-inflation-is-bitcoin/

"Bitcoin is freedom, and this is something I want for everyone."

Given that he's giving financial advice to people at his job, I think this is really interesting, and will probably end up with more people understanding Bitcoin better.

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