It may have been too much politics for Bitcoin Maxis, but the fact that a former and likely incoming US president is giving his go-ahead for Bitcoin adoption on a national level is truly history in the making.
One note up front: from my personal perspective, it is important that individuals take a stand against the predatory state bureaucracy and empower themselves with hard assets like Bitcoin. What the state does with Bitcoin and other hard assets is of secondary importance, as from a humanist point of view it is about safeguarding the values of individuality, individual sovereignty, free market economy, private property and private autonomy, whatever the cost. Bitcoin is the vehicle that promotes these fundamental values for a prosperous civilization due to its unique incentive structure. You know: the drastic reduction of time preference, which enables the individual to reduce entropy and become master of their own economic energy and its utilization.
The fact that Donald Trump, probably the next US president, together with a whole host of other politicians, is now proposing Bitcoin as a reserve asset for the US Treasury and possibly the Federal Reserve is epoch-making. All countries need to ask themselves at this point: how do we escape the debt trap, how do we avoid a collapse of our fiat currencies, which we have used for decades to take people to the cleaners via a hidden seignorage robbery in order to push through our nonsensical programs and disguise vote buying.
Trump's growing shadow is already hovering over many countries, especially the European Union, on the issue of NATO funding. This does not bode well, as the threatened withdrawal of the security umbrella financed by the USA would create new fiscal hurdles for Europeans' already fragile public finances.
And now this move on monetary policy issues. Ironically, it coincides with the almost panic-stricken exit of Germany, the largest economy in the European Union, from the Bitcoin race. The 50,000 coins that were confiscated by the german state of Saxony were fired almost carelessly into the market, while at the same time Finance Minister Christian Lindner tried to persuade the Bundesbank to sell some of their gold holdings. Something is up, something is no longer right in the European Union, and the diametrically opposed policy of the United States, which seems to be increasingly backing Bitcoin on a bipartisan basis, is like the next sword blow to the already mutilated body of Europe.
At this moment, it is increasingly clear that the mainstream is also joining this movement, as an article in Forbes magazine shows. By current journalistic standards, an almost neatly crafted, neutral article on the importance of Bitcoin as a reserve asset for the American economy was published! Something is changing, the Bitcoin revolution is picking up speed. Only those who, for ideological reasons, remain in a childish oppositional role, bumbling around and no longer willing or able to acknowledge reality, are being left in the dust.
The old continent is turning into an industrial museum before our eyes, it is pursuing dr-industrialization through a strange regulatory policy that only those who know the geopolitical background of the European Union and its energy shortages can understand. The attempt to force the world to adopt a net zero emissions policy and thus be able to sit on the geopolitical chessboard has failed. Bitcoin would have been an opportunity to lend stability to the euro, which will rapidly lose value in the future given the dwindling power of Europeans in the energy markets. It is not alarmism to say at this point: the lights are slowly going out in Europe.