Gold is the Money of Kings , Debt is the Money of Slaves

“Gold is the money of kings; Silver is the money of gentlemen; Barter is the money of peasants; Debt is the money of slaves.”

Bitcoin will be used in conjunction with other cryptocurrencies to conduct large and expensive transactions. Everyone requires a stable reserve currency, and Bitcoin offers numerous advantages over traditional fiat currency, but the Feds seem to have their own thoughts and it is gearing toward more stringent regulation.

A 21 million coin supply will be exhausted by 2140. Everybody is aware of the limited supply of Bitcoin and its inability to be hyperinflationary.

Unaffiliated with any government or commercial enterprise, Bitcoin, in theory, is not backed by any government or enterprise (at the moment), which means it is not subject to systemic risk in the same way that stocks, bonds, or official currencies are. Anyone, if they so like, may take Bitcoin as payment. It does not require official backing to be beneficial for payment purposes.

Inflation is escalating at the moment, as fuel prices appear to have no cap and other commodities follow suit. That is readily apparent at any grocery, internet retailer, or other retail establishment. Meanwhile, bitcoins are fleeing exchanges, and in my opinion, the majority of those doing so are the “smart money” that is emancipating the next big thing in finance from government control.

Bitcoin has enriched many people and bankrupted many others who fell for crooks who assured them their currency was doubled. Understand that how you sell and acquire currencies has a significant impact on whether bitcoin becomes a mainstream currency or whether it loses value. Our actions now will determine the future of bitcoin and other digital currencies. Bitcoin’s rise and fall are entirely our fault.

Truly, no one can accurately forecast the current market price of bitcoin. If you have an “expert” who claims to be knowledgeable about it, you have a liar. The most accurate technique to determine bitcoin’s estimated worth is to stay current with bitcoin news and updates. Examine graphs and statistics to determine approximate pricing rates, but never wager on the bitcoin price. It may be falling today, but in an hour or a day, you have no idea how much it could increase in value. As a result, it is preferable to trust your gut and invest prudently.

There is social unrest worldwide right now, and it is not just about the war in Ukraine, which has turned out to be a US/NATO proxy war using Ukraine as a pawn against Russia, with its people suffering and millions forced to flee their homes, while the Ukraine President has still not seen the truth after 90 days of fighting, yet is doing everything he can to expand a war that will only bring disaster to its people at his will. The country may appear to have a government, but at this point, the majority of its citizens are not residents of Ukraine.

How to have a country’s political resolution..it seems to be a political party government. The country has never had a party election since the war , so I just wonder if the rest of the world can accept this dormant government. Maybe under their law, but other nations also have their own laws to make decisions accepting bilateral relationships with a dormant government. A validly elected government considers the interests of the current state and its citizens, whereas a dormant government is stuck in the past before the War.

Both Sri Lanka and Peru, meanwhile, appear to be in the midst of civil wars. Many are concerned about Sri Lanka’s impending collapse. Protesters fed up with catastrophic shortages of critical food and fuel are taking to the streets. Social unrest is likely to hasten the restructuring of both countries’ international sovereign debt, which totals several billion dollars. While both countries’ troubles are the result of years of mismanagement, their rapid unraveling serves as a warning to more robust economies from Europe to Asia that are suddenly confronted with a rise in the cost of living.

The populace has taken to the streets, demonstrating, destroying supermarkets and stealing food in confrontation with law enforcement.

Consider when inflation in that country reaches double digits. One would believe that more secure countries like EU countries are in a better position, and this may be true, but for how long? If the food shortage becomes an E.U crisis, and the war extend for another few years ..E.U will see chaos, as the european love their summers and always skip their winters ..winter without Heat warming …the european will ask their leaders to go to vote early

The EU, with its several member states, is also heavily reliant on Russian gas, and there are already discussions about reducing that dependence. In Germany, for example, the price of a one-liter container of cooking oil has nearly doubled, if not tripled, in recent weeks.

The Ruble is magically collateralized by wheat, gas, and oil… And what is more sickening is that “Russia’s hostile buyers of gas” will finally pay in rubles for Russian gas and oil…simply hypocrisy ( one side they are funding the Russian will billion of payments ..the other side, they are expanding the war by giving weapon to Ukraine ??? )…...I can not wait to see these leaders in Europe who have had superb links to America for decades finally resort to purchasing rubles off the market to “fuel their countries!!.”..purely because they know they are all European and should not let the Americans be involved in their European’s livelihood business.

What about Bitcoin as a reserve currency for the global economy?

At a loss for words at the moment, but considering Terra and its audacious proposal are all gone, all of the haste and concern emanating from regulatory agencies in the direction of developing a regulatory framework for stables makes perfect sense.

Decentralized blockchains are not geopolitically bound… With so much tension and instability in the world today, fed by inflation, commodity scarcity, and official deception, it is practically impossible for Bitcoin to fail to grow. I am not sure how quickly acceptance will occur, but in my lifetime, I see Bitcoin as a global reserve currency.

There is no certainty . Having said that, the majority concurred on the positive outlook for the future. There are a couple qualifications to that statement. As an example, consider the following:

Bitcoin will continue to evolve as a protocol. Many people overlook the fact that it is first and foremost a protocol, with the money component being the first application built on top of it.

The purchasing of Bitcoins will need to be simplified significantly from its current state. All indications point to the process becoming more streamlined, which will make purchasing bitcoins simple.

Companies that convert Bitcoin to local currency are regulated in the majority of nations (including the United States). There will be an increase in the number of exchange firms, and we notice changes by paypal , stripe , mastercard and visa .. all rushing to implement changes to suit to bitcoin ‘s application and usages as it become easier to adopt to present monetary ecosystem

Acceptance Unless and until buyers continue to press/ask retailers to accept Bitcoins, merchants will remain unaware of the need. If you walk into a store and inquire whether they accept Bitcoins and are told they do not, this is the expected response. The merchant’s perspective will shift if this scenario is repeated with ten additional buyers. They may consider Bitcoin acceptance in the near future.

Much of the developed world, which lacks fast person-to-person payment methods, would welcome Bitcoin adoption. Regulators and a near-complete absence of local Bitcoin exchanges are the impediments. Take India as an example — there is no exchange there. The same can be said for Pakistan, Bangladesh, the Gulf Cooperation Council, the Philippines, and North Africa. There is a sizable portion of the population that lacks the ability to purchase bitcoins but during this dip — BITCOIN is accessible at a much better price within $30K

They formerly cannot formerly trade with it since they are unable to purchase it ,but now it has become more accessible in many countries since last 24 months . This will change significantly over the next several months or years to come, as the Nfts markets has brought more adoption .

Volatility will be reduced to an acceptable level. I am not going to predict it will vanish; the general population is just too receptive to anything the media says about Bitcoins. , maybe Arbitration will be practically non-existent.

With a few authoritative anchor users accepting Bitcoins, you will see the movement gain momentum. (For more information on Starbucks accepting Bitcoin, paypal allow to send and receive bitcoin also …it is starting to change ..going wider

Many other businesses will follow suit as more and more significant enterprises begin to accept Bitcoin as a form of payment. Bitcoin’s survival is contingent upon this chain-reaction trigger. Numerous individuals are on the lookout for a trigger.

I believe the price will not exceed $35,000 in the next 2–3 years (the anticipation of $25,000–50,000, in my opinion, will be detrimental to Bitcoin, as too much speculative money will enter the ecosystem, prompting regulators to crack down hard on Bitcoin).

Acceptance of Bitcoin as a supplementary currency in poorer countries is critical (as opposed to outright banning it). My reservations, on the other hand, are as follows: When it comes to alternative currencies, officials in underdeveloped countries have a rather narrow view. Such a perplexing endeavor will effectively kill Bitcoin in developing countries (legally).

The market capitalization signifies in some way that the currency has grown too large to collapse (not that it cannot happen), and hence will most likely survive on its own terms.

A prominent feature of the remittance world on a regular basis (a sure sign of its success would be the ripple’s remittance numbers on the Bitcoin platform) — The manner in which this will be accomplished is disputed and uncertain, but I am leaning in as a supporter, as there is on ongoing legal case between SEC and Ripple XRP

Easy Payments using Bitcoins would be enabled for websites, freelancers, and others. This implies accepting $20 in Bitcoins extremely rapidly, which are translated to Euros and made available on your pre-paid debit card (all by inserting some simple code on your website to accept the payment). Consider as an example for ETF like BitPay or Nexo or Kucoin ( noted as example ) taken to the next level on a global scale.

Currency brokers will conduct more frequent trades and transactions involving Bitcoin.

Perhaps Bitcoin exchanges in the West (perhaps the United States or the United Kingdom) will thrive and eventually take over the market in terms of volume (provided international clients are allowed to hop in and trade).

Payments via Bitcoin would be integrated into social media. There would almost certainly be native or plug-in-based activities centered on Bitcoin. Consider social media platforms such as Twitter, Pinterest, Facebook, and LinkedIn and even Tiktok

Apps unrelated to money but with a connection to the Bitcoin protocol’s open-ledger system will begin to emerge. I am at a loss for examples, but I am sure someone out there is contemplating a novel method to use the Bitcoin protocol and construct a non-payment application on top of it.

You obtain the benefits of a cryptocurrency, such as resistance to censorship and programmable money, while avoiding the price volatility (which in part is caused by the small trading volume).

With a crypto-collateralized stablecoin, you may construct smart contracts denominated in whatever fiat currency the stablecoin is tied to, without relying on external oracles or other methods to decide the rate for each transaction or contract, effectively creating a “crypto-dollar.”

It is unnatural for those who have spent the majority of their lives in countries with “stable” currencies (annual inflation rates of 2–3 percent) to think in more than one currency, but those who grew up in high inflation countries are accustomed to denominating contracts in a stable/strong currency (let us say USD) and carrying out the transaction using the local fiat currency

If you are saving (rather than gambling), you will want to keep a significant portion of your money in a low-volatility currency.

Numerous cryptocurrency traders enter and exit crypto holdings, and utilize stablecoins to delay, measure, and exit trades (in USD equivalence).

For stablecoins that do not employ fiat as collateral, what matters is the stability of the peg (a.k.a. “fixed rate”), and the fiat is used solely to price transactions/savings/wealth in a unit of account that you can relate to. ( Noted, regulation will be implemented in near future as the U.S authority is proposing more regulation )

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