Filip Karađorđević, Prince of Serbia and Yugoslavia, has spoken out in support of bitcoin, calling it “hard” money that is not subject to inflation.
As Prince Philip stated during a Serbian television show, he is an analyst by nature and loves to analyze the world. Therefore, now he works in the financial sector, in an international asset management company. Prince Philip did not specify the name of the company, but said that its main office is in New York, and there is a branch in London. The Prince interacts with various analysts and portfolio management companies, as well as advises clients on the market situation, helping them make the best investment decisions.
When Prince Philip was asked about cryptocurrencies, he called bitcoin an asset that can provide financial freedom to everyone. The prince noted that we are not talking about all cryptocurrencies, but only about bitcoin. His free advice is that everyone should get to know bitcoin:
“Some people will learn bitcoin slowly. Others simply won’t want to do it out of habit, they’ll want to stay in a system they’re doing well in. But they need to realize that bitcoin will benefit all of humanity.”
Prince Philip said that the world needs good quality hard money that is not subject to inflation. This problem escalated after the financial crisis of 2008, when huge amounts of money were printed to stimulate the economy. A similar situation occurred during the pandemic, which further contributed to inflation. The prince opposed the first cryptocurrency to ordinary money, being convinced that this will not happen with bitcoin, and it will never become an inflationary asset, because its supply is limited to 21 million coins. The prince named another advantage of bitcoin – the absence of censorship, which protects the sovereignty and freedom of people, regardless of the actions of governments.
Arthur Hayes, co-founder of the BitMEX cryptocurrency exchange, agrees with him. He is sure that the sanctions against Russia only push people to invest in bitcoin, and in the future he could undermine the value of the US dollar.
Source: Bits
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