In April 2023, I argued that Saudi Arabia should diversify a small portion of its sovereign reserves away from U.S. Treasuries and into Bitcoin. Three years on, almost every premise of that piece has hardened. The price of Bitcoin has nearly tripled. The purchasing power of the dollar has continued to deteriorate. But most surprisingly, the “protection racket” portion of the petrodollar agreement has failed. Today, we evaluate why the Saudis and the Gulf need Bitcoin now more than ever.
As the child of a Community Banker, some of my fondest childhood memories include eating gobs of free popcorn, playing hide-and-seek in the hallways, and racing the elevator up the Community Bank's stairs.
So I wrote this article with a heavy heart... Today, many Community Banks are in a tough spot. Read my latest to find out how we keep them in the game.
“The new digital money of the Information Age will return control over the medium of exchange to the owners of the wealth, who wish to preserve it, rather than to nation-states that wish to spirit it away.”
- The Sovereign Individual - pub. 1998
As young people become more aware of the economic disadvantages they face, they've started to view violence as a justified last resort.
In this article, we’ll look at how fiat currency destroys the social contract… how it’s given the central government far too much power, and how it’s left many, especially the youth, in a state of financial nihilism.
In my latest article, I explain how #Bitcoin forces elites to compete honestly in the marketplace rather than through political connections.
"Bitcoin forces discipline upon the government, restrains speculative excess, and ensures that the nation's prosperity benefits everyone rather than only a narrow class of Cantillionaire insiders."
Watching Gold move like this… it’s taking every fiber of my being not to ape into #Bitcoin levered long here… it feels like a repeat of Fall 2020 is upon us…