In order that they’re saying, “We now have another and now we’re highly effective and America is growing older and senile sufficient.” No pun meant to our leaders, however mainly [America is] dominated by octogenarians who’ve dementia and we’re a waning energy.
Russia and China are saying, “Look, that is our time to face up and say, we now have a stronger foreign money that’s based mostly on precise, actual commodities, like gold, like oil, these type of issues.” Now, I’d say the one factor that they are not contemplating, Russia and China, is bitcoin to me is the obvious, greatest, hardest asset.
Sure, it is digital so you’ll be able to’t contact it or have a look at it, however it’s what it’s: It is mainly good cash. So if I have been them, and I am not, after all, and I am not sympathetic to lots of their causes, however they need to be backing this on Bitcoin. They need to be utilizing bitcoin as a reserve asset to point out, “Look, not solely do we now have gold and oil and different commodities to again our currencies, that are stronger than the U.S. greenback, we now have a butt load of bitcoin as properly. :ook how robust we’re.”
That might be a great way to offer the finger to the U.S. alternatively, which is declining and has a greenback backed by nothing, backed by Treasurys, that are backed by the greenback, which is backed by nothing. They need to be like, “Dude, we must be printing cash as a lot as doable and we must be shopping for as a lot bitcoin as a reserve asset as doable to strengthen our weakening U.S. greenback.”
They need to completely be doing that at the moment. That is the very first thing they need to do proper now on their agenda, however after all they are not gonna try this as a result of that provides credibility to the bitcoin and acknowledges that we’re weakening and we’d by no means try this.
I am simply not into this recreation taking part in like, “Hey, we’re so robust and we’d by no means admit that we’re weak and we do not need assistance and we rule the world.” I feel that is so silly and that is how nice empires crumble and fall and go into obscure oblivion. That is the place we’re headed proper now and I hate watching it.
Hopefully, in some unspecified time in the future, we get some Bitcoiners up larger up in laws. Hopefully we get some Bitcoiners for president. Hopefully we get some Bitcoiners on the Treasury and the Fed[eral reserve] and all these sorts of issues. Then that may change.
By the best way, my prediction is Japan would be the first one. They’re distant from that proper now, however they’re in such dire straits proper now they usually preserve making an attempt all these loopy, obnoxious issues. Is it actually that obnoxious to consider Japan, as an alternative of shopping for all these different rubbish issues and shopping for all of the equities within the nation and shopping for all of the bonds and all this type of stuff, what in the event that they purchased some bitcoin and strengthened their foreign money that means? That might truly present longevity and energy to their foreign money. It would not be that loopy, and in the event that they did it, then all the different developed nations could be compelled to do it. That might be the sport principle in motion.
I am ready for that announcement. I hope it occurs. You heard it right here first. I have been speaking about that truly for a few yr or so. We’ll see what occurs, but when I needed to guess which developed nation was going to embrace bitcoin as a reserve asset first, I’d truly decide Japan because the darkish horse.