Topic: Prince Philip of Serbia: "only way around inflation is Bitcoin" (Read 520 times)

Prince Philip is very bold in expressing his opinion on bitcoin. because after all the superpowers that rule with fiat money will surely glance at his words.
and what I underline is that bitcoin is freedom. these are good words. can make people interested in this saying. and indeed everyone when they know it will be so free to hold bitcoin because it is not controlled by any country because bitcoin does not belong to the state. but belongs to every individual who owns it. then surely many people will like it. different from ordinary money whose printing limits can be controlled by any country.

hopefully this makes bitcoin's heyday and begins to be accepted by countries too.

I can't guarantee anything, he might have some advantage for him as well or he could be putting all of his money into bitcoin and this is why he might be suggesting it. However, we have been here for over 10 years now and if you are still not sure about bitcoin being a hedge against inflation or even just a simply good investment then I do not know how to convince you.

I am not that great at explaining things so you may have to listen it from someone else and but even in the last 2 years we went up like x6 during one of the worst periods financially for the past decades. I am sure that you must be feeling a bit richer if you had bitcoin instead of having stocks, or even gold.

Prince Phillip, particularly stressed on Bitcoin. According to him, switching to hard currency is the best option for dealing with inflation and fiat currency owned by the state.

total fucking bullshit. The very real and recent inflationary period is absolute proof that bitcoin failed to hedge inflation.  Are you a criminal trying to rope people into bitcoin so they lose even more to the jewish organized financial crime spree?

bitcoin lost 20,000 per coin during the biggest dollar inflationary period in history. You are either stupid  and dont know that bitcoin has been crashing during the whole last year, or a jewish criminal  making war and hurting humans by deception

I wonder what the Serbians themselves think about this idea. In my experience, Eastern Europe in general can be a little conservative - those countries that are members of the European Union aren't even too keen on accepting the Euro as a fiat currency, I have a hard time imagining Serbia or any other East European country accepting Bitcoin anytime soon.
That said, perhaps with time and education those attitudes can change, like they are in other parts of the world. The people of El Salvador appear more accepting these days after the initial pushback against Bitcoin, I believe?

If that was his intention, then it would have been better to recommend gold, as this is currently a much better hedge against inflation. Bitcoin has not really proven this in the long run yet. What I'm saying is that the prince has certain interests in recommending Bitcoin and not because he wants to help anyone hedge.

I think that the decision of that prince is very intelligent, because since BTC is totally deflationary in nature, it is the only way to combat inflation, which has been the biggest problem and vulnerability of any traditional economy. Some countries with very high inflation rates such as Venezuela, Argentina, the few people who know BTC can assure that their particular economies have improved remarkably compared to the average where they live, if the price of BTC drops in price it does not matter, it is still higher because making the change to local currency or dollar or hard currency is still something very attractive and improve your life.

But, you cannot force people to make use of Bitcoin, it’s a choice. You just have to teach them about it and they will do whatever they want or think is best for them. Right now, I don’t think that there is anyone who don’t know about Bitcoin.

A lot of people already knows about Bitcoin, it is always on the news every time and you’re likely to meet someone once in a while who would talk about it, either in real life or social media. So, it is nothing new at all, people are aware of it. Anyhow it still remains that it is like their choice if they would want to make use of it. That’s just what I think.

The government always pumps money, thinking that it is going to help the but in turn it becomes a really bad move for them to make because it makes everything to be worse. The situation is bad and the government pumps more money and create inflation. The currency loses its value and things continues to get more and more costly because of the printers printing more money.

Sometimes it makes me wonder if the government is really aware of the consequences of the action that they are taking or they are just being stupid on purpose? Can’t tell me that they are not aware of the consequences, they know for sure, but still continues with it  .

I agree with what he said in the interview. He's a smart guy who did some trading and knows how things are being run. I wish him the best and hope we'll have more people like him in high places.


A true maxi  

A libertarian as well. The best type.


It's not buying that matters but holding. When someone hypes it and then starts talking shit about it like Musk did last year it brings nothing good to the space.

There will always be hardcore nationalists in every nation, you should not consider that as a threat, even at the top there will always be some, but that doesn't mean anything until there is an action. Hell some people do not even believe it themselves but do it for power or votes or money (bribes). Do not worry, I believe that nothing will happen.

Plus, getting bitcoins name out there as "best weapon against inflation" is a great deal, I really hope that more and more people realizes this. It was one of the main reasons why I got into it as well, I hated fiat and how it worked, so I got into crypto and it has worked wonders so far, there is room for everyone too!

It's great that he already recognized what bitcoin can do to inflation, but it will be better if he can use his influence (though little) to make people be aware of the positives of bitcoin. He came from a financial background, and sure enough he knows what he's talking about. All he needs now is the drive to let other people know of bitcoin, and educate them enough for them to make the switch, or at least consider bitcoin as a part of the future monetary system.

The thing about Royal families in the world is that except a few of them, the income is a huge amount and paid by taxes most of the time. I am not very well versed about Serbian prince, but I can talk about UK queen, and she is paid by the taxes most of the time, or at least owns enough places given to her by title rights that make her good income (and the whole royal family of course). All that "oh the prince left the family" drama? He is still making over 2+ million dollars from the tax payers.

All in all, they are rich enough to make these type of financial decisions because they have a lot of money, but they could also make mistakes since it will not matter for their future.

His background tells that he is into financial markets so he probably build some interest in bitcoin. Now what? Well he figured out that bitcoin is much better in fiat as it can fight inflation. Have you check the link provided by the OP?

The guy was a royal and I think royals are more wealthier than a regular millionaire or billionaire. They might not be as popular as a celebrity because they are not seen on the TVs or in the media very much often but any celebrity is nothing compare to a royal. More countries now adopts bitcoin and soon btc will be adopted globally but I think fiats are still be the priority so no inflation aren't going to disappear permanently.

no doubts, and by the help of social media for sure they can really convinced people to buy bitcoin because of his good views when it comes bitcoin as prince.  Because indeed if we will talk about inflation it's definitely a big problem especially on whats happening right now wherein the prices is getting higher again such Oil, Gas due to the conflict between Russia and Ukraine.. For me IMO as a prince we should find freedom and ways to bypass the inflation in paper money and spread the good news so that everyone knows.. Not just setting down and watching people suffering from the inflation..

Well, he literally works giving financial advice to people in London. So, his opinion clearly will influence some people to buy Bitcoin.

It seems like this guy is a diehard Bitcoin supporter,but so what?
He isn't some multimillionaire,billionaire or a celebrity.His opinions won't influence millions of people to join the Bitcoin world.He is a member of the aristocracy,but that doesn't hive him any authority whatsoever.
Maybe inflation will disappear,if Bitcoin gets globally accepted as the one and only global currency,but I can't see this happening.The central banks and the governments will try to do whatever they can to preserve their monetary power and control.

This was funny but it is not accurate. At the very least you could see him as an influencer or a celebrity and you should never underestimate the power "celebrities" have on the brainless masses.

The double standards Russia-Ukraine situation revealed and the fact that media dictates what most people should think is an excellent proof that majority of people only concern themselves with what they are told to be concerned about and ignore everything else that is going on in the world even if they are more important.

Bitcoin will always have a maximum of 21 million coins. Changing this amount in a hard fork as you mention is one example of a prohibited change:

You also need consensus for this kind of move, else the hard fork will end up in just another useless shitcoin like you BCH, BSV and all their lesser known cousins.
And you won't ever get consensus for that since it would make all the existing coins less valuable (so the voters are already bribed to keep the current situation).

Yeah, you have freedom to keep printing. We have a cap of only 21 million bitcoin but this doesn't mean that it can't be increased. The rules of bitcoin can be changed with Hard Fork.

To be honest, I can't imagine economic giants like China, the USA, Japan, Germany using the currency that can be mined by a random guy at home. The governments can just turn off the money printing machine but they don't want it, no one cares about the society, the problem is our mentality. Politicians build their happiness on someone else's pain.

it is a special feature of the people in the Balkans. it's hard to say, I was wrong.
I can also say that I have never heard of any Croat criticizing the ethnic cleansing operation "Oluja", where several hundred thousand people were expelled, some killed, mostly civilians.

you are going too far and you only insert the facts you want to hear.
I never denied ^{neither here nor in real life} the bad things that happened. as I said earlier, a certain group of people were doing terrible things, by such conduct, they have inflicted immeasurable damage on their people as well.

I'm talking about the period in '99, and you keep coming back to '91. there is no particular connection here
the whole discussion was raised because I said that ordinary people in Serbia know very well (based on personal experience) what ordinary people in Ukraine are going through. I did not reveal the reasons why these aggressions were initiated.


Can you find any official statement or a speech where they say something like that? I am thinking of officials and government representatives.
please just not something from the obscure tabloids.
he must not even think about it, because he will lose even such a fragile support of Europe, and that would guarantee his end. (I am talking about our president because only he decides everything)

I will come out of this discussion, you involve me deeper and that really isn’t a topic I want to discuss. I stand for the side that wants to break away from the structures represented by the current own president and everything that happens here is already enough torment.

Thanks for clearing up. And I'm sorry to hear that it's such a wide opinion. I really hoped for better...


Denial is common in human kind history. And I can easily guess that state propaganda encourages that.
In these times the information travels so easy it's sad to see people choose to believe what comforts them instead of what real.
But yeah, if @examplens tells the same, having "insider" information.. I cannot deny that.


I laughed on this, but you're not completely correct/accurate.
He has a small chance to influence the people. It's not the government so it clearly won't do much, but it can be a start, especially as people tend to be more receptive to their own public personalities.

There is nothing complicated about what happened in 1991 and after, everything is publicly available and everyone knows that no country attacked Serbia at that time, and that Serbia committed horrific crimes that you still do not admit - how many children were killed by Croats in Serbia, how many churches and houses were demolished in your country? Then at least 90% of Serbs were for the war, today 90% of Serbs are for Russia - and you have the same people in power who committed crimes in 1991 - which speaks volumes about how much you have changed.


You call your president and prime minister keyboard warriors? Well, they openly support the annexation of Republika Srpska, which was created on the basis of ethnic cleansing - and if it is not the appropriation of someone else's territory, then I don't know what to call it - and let's not forget what is happening with Montenegro.

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I have not yet met a Serb (from Serbia) who will admit that they as a people have done anything wrong - 402 graves of innocent children in my country are a fabrication for them, and the same attitude will be in Russia towards all Ukrainian victims.

I lived at that time and I know very well how we lived. at no point did I state the reason why this happened, the fact is that Serbia was attacked by NATO and in that attack the biggest number of victims were civilians.


Again, I live here, talk with people, there is a possibility that I have a better insight.
no, there is no serious story here about big Serbia or any aspires to any neighbour. these are just empty stories of your politicians and don't believe every word of them, they will say anything to improve their rating.
So, again no one here is interested in other territory or any kind of war with neighbours. Of course, everywhere you can find a couple of drunken nationalists or keyboard warriors who have no life of their own who speak such nonsense.


I am only writing here about the opinion of a good deed of the population.
long to explain, but to try to simplify. the opinion of pro-Russian Serbs - all the states that support Ukrajina at the moment, in the '99s were with NATO, and against Serbia.
About history, Russia's influence in Serbia dates back a long time, unfortunately, it did not bring much good. it is a big burden that pulls the state backwards.


Russia currently has an identical excuse for attacking Ukraine. 

What surprises me here is that Serbia still has a royalty. I don't think that bitcoin is the sole solution to inflation as it's not really a bad thing if it's a controlled and maintained at a really low percentage of 2% or 3%, inflation isn't as bad as it sounds because it's a sign of growth. Maybe finding ways to create a deflation that can bring down the inflation rate to a normal level.

I am going to use something one of my all-time favorites, Del Trotter said for something completely different but parts of his statement can be applied here as well. The Royal family of Serbia is almost as important as a gin salesman in Iran.

Serbia was bombed for the atrocities they committed in Croatia, Bosnia, and Kosovo. War crimes including systematic rape of women and genocide. If Serbia is a victim of NATO bombardment, what term do we use to define the hundreds of thousands of dead and deported by force from their homes in the 3 above countries? Not to mention death and torture camps. But that's not part of today's discussion.

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I agree with most of the things the Prince said and he didn't say anything new. But good luck trying to convince the government to give up on their control, especially in a territory like the Balkans where crime and nepotism is a normal every day occurrence.   

At one side I agree with this guy that BTC as a major and legit cryptocurrency in a long run may save your long term savings from inflation, which is still risky.
But from the other side, it is very stupid to try making BTC a cure for every economic disease (especially if that was made for sake of using crypto). There are some more things that are pushing the inflation. For example: due to covid in the UK there was not enough truck drivers to deliver fuel to the gas station (and pretty much the same situations with usual retail). In this case deviations of supply and demand caused inflation. How da hell Bitcoin would save us from it?

You've mixed up apples and oranges very badly. I won't be as straight as Lucius, but I tend to agree with him.
Also Ukraine is not part of NATO, so your analogy doesn't stand.
No offense, but I hope that the average Serbian doesn't have this... distorted... view over the history.

What is happening in Ukraine has nothing to do with what happened in Serbia in 1999, and is the result of several bloody wars that Serbia has started in Croatia, Bosnia and Herzegovina and finally Kosovo. If you wanted a comparison, then you should have mentioned how Serbia, as a superior enemy, attacked Croatia, occupied a third of the country and killed over 400 innocent children in its bloody campaign, and the horrors that followed in Bosnia and Herzegovina are the worst crimes against humanity since 1945. People like President Vucic have personally participated in these crimes and are still in power.


I would not agree with that, most Serbs support Russia and the current regime, just as they continued to support the creation of a Big Serbia in 1991, and today they have a project of the Serbian world - in other words, nothing has changed in the past 30 years - Serbia still aspires to the territories of neighboring countries.

There is no specific mention if the one he is working with is into Bitcoin or advising their clients who are interested into Bitcoin or cryptocurrency for that matter. Now, it is good to hear that someone of a royal blood coming from Serbia really understood how fiat money is working and how printing of more money is actually robbing the future generation just to stay afloat in the present. Inflation is now a main issue in many parts of the globe for many reasons and in the USA the administration of Biden is not getting a big success in dealing with it so much so that at the start of the Ukraine invasion they are seeing a golden opportunity of blaming Russia for the continuing rise of prices of even basic commodities. Reading through the quotes above from this prince, I am sure then that we have another Bitcoin supporter...and hopefully he is also a hodler.

a lot of Serbian politicians are themselves involved in Bitcoin and cryptocurrencies. Usually mining & low-cost electricity. They also recognized the opportunity to keep some of the money from corruption anonymously in Bitcoin, so this is one of the initial reasons why they are friendly to cryptocurrencies.


yes, the royal family is essentially only on paper. they don't even enjoy any special benefits based on the title, although they don't even try to do something special. For example, the prince doesn't know his natural ^Serbian language.
it's certainly good to hear when someone with a pedigree says good things about Bitcoin.


it's a really long story and can be very complicated to explain.
Serbia is in a big dilemma here, in 1999 experienced similarly what is happening in Ukraine, bombing and destroying civilian infrastructure. So we certainly sympathize with the people of Ukraine, we know very well what they are going through. On the other hand, the attack on Serbia was by NATO, so it's hard to give support to someone who tore down your bridges, factories etc...

Unfortunately, a right-wing autocrat is currently in power in Serbia, and a good part of those who support him have a friendly attitude towards Russia. The problem for him is that elections are at all levels on April 3, so in case he condemned Russia and sanctioned them, he would pay the price by losing his position. it is to be expected that after the election, ^{in the event of his victory}, he will nevertheless impose sanctions on Russia.

certainly, the majority of the population has a reasonable attitude here, and are clearly against the aggression on Ukraine. They show it by various actions, but unfortunately, that part belongs to the media that have an autocrat against them and any information from that side is very difficult to get public.

I wanted to say that your knowledge of geography sux, but then I had a second thought:
with so much cheering in Serbia about Putin's war, you may not be that wrong actually...
(Yeah, I know, I know, most Serbians are OK and what the media shows may hurt them as well...)


Well, he's just a public figure with good views about Bitcoin. While I clearly don't mind more of those, unfortunately he cannot make much of a change. He may convince a few more give Bitcoin a chance, but that's all.

Well. First things first.. Is Serbia a country?? Isn't it like a part of Russia??

Ohh ohh..Thats Siberiaaaa! LOL

Anyways, I am happy to know that HRH Prince Philip is actually working. I do wonder how he has ended up with asset management after studying what sounded to me like "Hotel Management". Well i guess, industry is no bound when you are royal blood.

All well as the Prince seems to be pretty sincere and open with his thoughts about Bitcoin having the ability to free people and take us to hard money. The quote about "We need to take money back from the state" is quite revolutionary. We need more of you Prince.

Okay, I did some research and, despite the noble title, this is just someone who is a consultant. But he has no decision-making power at all, because Serbia is no longer a monarchy. It's all well and good that someone with a princely title has this opinion, but it's also not worth more than many economists who are positive about Bitcoin. Or did I miss something in the intention of your thread?

It's amazing what people are building a story about, a prince on paper who is still imagining a kingdom in which Bitcoin is likely to be the main currency. We had a little discussion a few days ago in the WO, and I was hoping we wouldn't have a topic like this in the BD - now I'm just waiting for someone to find out the price went up because of the prince

Given his (political) views, care should be taken that the current government does not attack him more than is currently the case (verbally). Their absolute leader (the Balkan version of Putin) killed people for fun 30 years ago, and if the prince gets involved in politics, it will not go well.

It shows that bitcoin is getting more and more popular now that people in government are starting to talk about it positively. All this hype certainly started during the last bull run, and now many politicians are claiming that bitcoin is a good hedge against inflation. Could this mean a price collapse is on the way? It seems strange to see positive comments about bitcoin coming from everywhere.

I don't see anything spectacular in it, but I don't see anything completely bad in it either.
There are countries where it works, there are some where it doesn't, as for the leftist thing, the leftist part has come to a lot of time after the monarchy itself if we look at Norway or Sweden or Denmark.
I was pointing out the fact that the east is less inclined to restore them than the west, not that it's a good idea.

As for the poeple thing, I just checked, I added it to my autocorrect as a real-world by mistake, just between mempool and hodl, so I just have about 300 of them to correct. Gives a new meaning to learning from people's mistakes, doesn't it?  

Bitcoin is indeed a good way around inflation and it is a working way too. But lets be honest, saying bitcoin is the "only" way is just a lazy statement specially from someone in power (I'm assuming the Royal family has at least some power).

The real way around inflation is to fight inflation. It starts by putting a leash on government and banks to prevent them from printing unreasonable amount of money just because it is the "easy" way of solving a financial problem they face like during the pandemic.

Take the 2008 example that was used here, we can't say the solution to that is bitcoin (although bitcoin offers the exit). The real solution to disasters such as 2008 is to first find the root problem and then weeding it out. The problem in this case was sever corruption of banking system. But of course in a democracy modern dictatorship of a carrot country the millions of jobs that were lost because of that corruption doesn't matter, the same corrupt banksters aka the minority received a ton of money while regular people aka the majority continued to suffer the financial crisis.
Obviously bitcoin offers an exit to the "majority" but I still believe the corruption should be fought before we look for an exit.

Ahh, finally someone understand the importance of "limited" supply in the economic system. Always love it when someone actually comment on the limited supply and ever increasing demand can cause the price hikes and that is also without inflation. In bitcoin, there is no inflated rates because it behaves based on "decentralised" investments which are either being put into the crypto or may be they are getting sold off for the fiat. So yes, some bearish and bullish trends will surely come up. But that is completely fine as long as you are thinking about the bitcoin usage for very long time.

Unless and until you dont trade bitcoin into fiat you are actually loosing nothing. You are just trading bitcoin to bitcoin with whatever value it is currently getting recognised with.

Remember, whether fiat is loosing value due to economic crisis or some other unprecedented events then also bitcoin is going to be bitcoin.

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.


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.

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.

^ 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.

 

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.

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:


I'm starting to like this guy.

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.

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:


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


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


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.