I partially agree with you that Bitcoin can be the most effective weapon for the inflation problem, but what I do not agree with is that Bitcoin can be the most effective weapon for economic problems, but it is not the solution to all problems or the only solution. If the entire economy of a country depends on a volatile asset that rises and falls by 20% - 30% in a short time, then that is really scary and risky for me because if a country wants to liquidate a large amount of Bitcoin for some urgent purpose, its price can suddenly fall, which is the biggest challenge for a country. However, for diversification and to solve the inflation problem, it can be an effective weapon at present, but it is not the only solution.

You are right Sir. Bitcoin is always moving forward based on its own concept. Bitcoin works from a position above the conventional economic system. In the world, the central bank of every country, including ordinary banks, has been established based on this conventional economy. And they are creating problems like inflation by printing money on their own. Bitcoin affects everyone equally. Whether Bitcoin is owned by an individual, institution or government, its use, valuation and impact are the same everywhere. The future of this is being revealed through the decisions of governments and large institutions of different countries based on Bitcoin. The government has reduced the value of the currency by printing money through the central bank for its own benefit. It has created inflation. To avoid this, the common people have given much importance to holding Bitcoin. In addition, those who have created this currency problem, such as the government of a country, including central banks, want to become economically strong by accepting Bitcoin as a reserve. That is why other countries, including El Salvador, have decided to hold Bitcoin as their reserve currency. We have recently seen news that Kyrgyzstan is trying to make Bitcoin their reserve currency. Bitcoin has established itself in the world as an independent and equal opportunity currency for everyone. That is why Bitcoin is so popular.


https://bitbo.io/treasuries/countries/

Surely JPM want to capture opportunities with Bitcoin.
The important thing is that probably those opportunities are still measured in USD terms, rather than in BTC terms.
Thisi still is a major flaw in the way most are reasoning.

Africa first Bitcoin Corporation Altvest capital to raise $210M to purchase BTC for its treasury. Altvest Capital confidence in adopting Bitcoin as a Treasury will inspire others africa corporations and government entities to start adopting bitcoin.

JPM is a primary dealer, they are upto their neck in it so a fair view is not going to occur from them.


He has bought Bitcoin but to say he is invested in Bitcoin  MSTR needs to be actively using the BTC.  Its used in the sense that MSTR then sells debt or convertible preference shares and his share price has risen but the return on the actual BTC is not there as its unused.    The companies he is comparing to have an active user base for their product that they own and produce but MSTR is secondary in any process or cycle as not a producer just a buyer.

  Im just not especially positive on this line of thinking besides that he has chosen the right product to get ahead of before its price has later risen so its a good choice but I'd say he is more like a fund manager and only of this one commodity.   Some think ETF will replace MSTR, I think I heard him say many cant buy the ETF so they buy his shares which is highly feasible and maybe thats all it takes for MSTR continued success.

I see it as a compromise solution, mark my words. The origin of the financial bubble we find ourselves in dates back to 1971 when Nixon decided to “temporarily” (lol) suspend the convertibility between dollars and gold. With the Bretton Woods agreements, it had been agreed that the dollar would be the reserve currency and that it would be pegged to gold. When Nixon suspended convertibility in 1971, he not only transformed the dollar into a fiat currency, but also indirectly turned the rest of the world's currencies into fiat ones.

If, in the face of growing mistrust of central banks due to money printing, a race is launched to see which one has the most bitcoin, even if there is no convertibility, just as in recent years several central banks are buying gold, I think it will be much better than central banks engaging in pure printing out of thin air, as they are doing.

Furthermore, unlike the Fort Knox gold reserves, where there is speculation about whether the gold is still there, or how much there is (I am still waiting for Musk and Trump, who said they were going to broadcast a live visit there), there is a very easy solution to make people believe that a state owns X bitcoins: publish the addresses and, where appropriate, sign messages. Another thing is if they want to say, like Saylor, that for security reasons they don't want to publish them, but a lot of companies have done so. So if the time comes when Russia or China prove they have X amount of bitcoin, what will the US do? I think they will be forced to prove that they have X amount of bitcoins.

This is a bit speculative, but I don't see the fact that states are buying bitcoin as a negative thing.

Some people seem to be peculiar types who are still looking at Bitcoin through dollar glasses. Big investors should see and accept Bitcoin as a real asset, Bitcoin is a store of value, if someone only calculate the profit and loss in terms of dollars, it will be the biggest mistake. The idea of Bitcoin is that it is the unit of account that means Bitcoin is the unit of account. The saddest thing is that big banks are accepting Bitcoin but they are still mentally stuck in the fiat system, they are only calculating how many dollars worth of Bitcoin there are, basically their focus is still on dollars. They are measuring the power of Bitcoin in dollars, not in Bitcoin. And this is the biggest mistake. JPM thinks that buying Bitcoin may make a huge dollar profit, but the real Bitcoin view is - how much Bitcoin someone can accumulate, that is the real asset. Because Bitcoin itself is scarcity/insufficient and hard money.

You are still measuring bitcoin in terms of dollars, even if you reverse the direction of the measurement.. but sure each good, service, asset can be measured with bitcoin as the denominator to see how much of it can be gotten by bitcoin with the passage of time.. 

You could measure in terms of something else like goods, services and/or assets such as gold or median houses or t-bone steaks or lamborghinis or median hourly plumber charges, or median tuition for a year of college education, or hourly rate for medical care (surely medical service charges can be obscure in many places), etc etc

Any of the measurements can be significant even though the dollar one (and dollar derivatives) tend to be deceptive since the dollar is debasing and sometimes measuring in other assets that are debased by the dollar or are otherwise perverted by the dollar/debt system through subsidies, then the actual (market) value can be perverted. So the prices of various goods and services might already be perverted by the dollar and various subsidies that are thrown at some industries versus others might not have subsidies, and the extent to which they are regulated might pervert prices too.


I am not sure if it matters how we choose to measure since some folks are going to get deceived into thinking that they are getting richer because their $200k house is now worth $1 million, but it is the same house or maybe even a worse house if it has not been maintained.

When things are valued improperly, then likely some folks are going to recognize the perversion of the value better than others, so some folks are going to get deceived by the nominal value  changes and get deceived in to thinking that they are getting richer when they are not.


You are correct to say that there are "at least" three.. yet probably it is better to consider that there are ways to consider the extent to which something is a good money or a better money in terms of if it is better in terms of the "sound money" qualities.. which maybe relate more to verifiability, transportability, scarcity, divisibility and some other important qualities that are contained in bitcoin related to costs of holding it and transporting it, and surely we don't want to be caught up in a system in  which we are dependent upon some authority to tell us if our money is legit or not and/or that they can freeze it or to otherwise control our money.


Bitcoin can already be used as a unit of account, even if it might not be recognized by everyone in all locations or in certain stores or in certain governments, yet bitcoin largely already has a market price all over the world and within any particular currency, even if some places do not officially recognize it, but no matter where you are in any place around the world, you could communicate with someone who knows about bitcoin and come to an agreement to exchange bitcoin for them in their local currency or alternatively for some good or service that they might want to provide in exchange for the bitcoin that is offered.  Some of this is already being done, and in some parts of the world more thnan in other parts of the world.


Sure bitcoin might not be being used on a wide-spread basis, but that does not make bitcoin not a unit of account already.  Any person can choose to account in bitcoin, and he can account in bitcoin, in dollars, in his own fiat, in gold and/or whatever.  He can choose to account in various ways, and with bitcoin it is already pretty easy to choose to account in bitcoin whether accounting exclusively in bitcoin or simultaneously account in bitcoin and some other currency and/or asset and/or good and/or service..

I think that you are a bit lost in the idea of unit of account if you feel that you need some authority to tell you that accounting in bitcoin is valid or not valid.  You yourself (and/or anyone else) can choose to account in bitcoin if you believe that accounting in bitcoin helps you to determine value of a good, service and/or asset or in a transacting and/or to engage in some kind of an exchange.

Women's Bitcoin Brunch SUCCESSFULLY attracted 32 women in Paraguay more than we expected! Full house today. 🧡
Source and Video link: https://x.com/pameelaposada/status/1967230297398993163?t=HZpQsNjl7yxSmy-BzSLx9Q&s=19



Look how interested women are in learning Bitcoin in Paraguay, already 32 women are on the verge of becoming experienced in Bitcoin. However, if the government of Paraguay takes the people of its country forward and educates them about Bitcoin, then it will definitely be very easy for them to succeed in the future.
However, the government of Paraguay should definitely follow El Salvador. If Paraguay moves forward in this way, then it will definitely be full of success like El Salvador.