Arab adoption
With the recent events of covid and war that took it's toll on USD credibility across the globe, and the hyper inflation across many countries proving that fiat can be fickle and unreliable.
Some arab countries mainly oil exporters are looking for ways to trade with an international currency, stilll searching for options some like the UAE already said cryto will have a future to play in here.
https://news.bitcoin.com/crypto-will-play-a-major-role-in-uae-trade-going-forward-minister-says/
Saudi already looking for options but nothing concrete if they ponderate BTC.
Prince Filip Karađorđević, known as Philip Karageorgevitch in English:
“It's definitely going to happen. But I don't know which country or who is going to do it where or anything like that, but it's bound to happen. Every country will eventually adopt Bitcoin.”
Saudi crypto investors believe crypto to be the future:
https://cryptopotato.com/adoption-saudi-arabian-crypto-investors-doubled-over-6-months-survey/
BTC may be slow for transactions of the day to day, but these global transactions between countries can be a good match, irreversable transactions, transparent and out of reach for powerfull countries to ban other countries from trading.
Many countries are planning to create their own CBDC, but this will be built by the same people who currently manage fiat, they will imprint the same flaws and in terms of privacy and self custody will be even worst than fiat.
Once these oil giants decide to use BTC as a way to transact and store value thus making it a global digital currency, 1 BTC might be beyond our buying power.
The plebs and why they should adopt BTC
For the average person, inflation these last years have taken it's toll, many people finding their savings of years to be insufficient to buy a home they so desired, and the problem is fiat is designed to be like this, with more years passing the worst it will become in the 1990 houses in my country could be built with ~15k€ now ~180K€ in a couple more decade no one working will be able to build one, we will relly on permanent rents.
Fiat is printed to help companies when they create economic problems like the 2008 bubble, and with every new print the population get F* twice, by the bank that ruined the economy and the inflation that was created to help stimulate the economy.
Even now the fed is raising interest rates dollar is losing value
We plebs may not use BTC in our daily lives but we also don't use our savings, stored in the bank so they can loan to others and others and others generating new money out of yours .
Fiat not backed by a commodity(gold) is only 52 years old, how many more decades can we endure?
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