Prince Philip of Serbia: "only way around inflation is Bitcoin"

[LUCKMCFLY]

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.

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.

[tyz]

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.

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.

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.

[e_abrams]

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?

[mildmanneredsuffering]

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

[Scaterbrainn]

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.

[perfect999]

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.

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 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.

[Ahli38]

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.