Who is the Real Enemy of Bitcoin and Humanity?
The author of the popular book "The Bitcoin Standart", Saifedean Ammous, took to Twitter to point out the biggest obstacle in Bitcoin's path.
Saifedean Ammous recently highlighted the futility of politicians’ promises to support Bitcoin , pointing out a significant obstacle: the Federal Reserve.
According to Ammous, the U.S. government does not control the Fed, which is a private banking cartel that prioritizes the U.S. dollar. He argues that no politician can force the Fed to buy Bitcoin, as this would destabilize the dollar and threaten the Fed’s financial control.
Ammous also criticizes the fiscal irresponsibility of the U.S. government, which relies heavily on debt. He contends that any government attempt to buy Bitcoin without the Fed’s support would be an act of war against the Fed and the fiat system, something unlikely to happen. Both Trump and Kennedy , he notes, have policies dependent on the Fed’s monetary practices.
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How Countries Can Embrace the Bitcoin StandardHe identifies the Federal Reserve as the true enemy of Bitcoin and humanity, with the U.S. government acting merely as its tool. Ammous believes that politicians are powerless to change this system. The real solution, he suggests, is for Bitcoin to surpass the dollar and Treasury bonds in value, allowing Bitcoin users to thrive while dollar users become impoverished.
The renowned author advises against investing time and money in political promises. Instead, he encourages focusing on accumulating Bitcoin as the most effective way to challenge the current financial system and secure a better future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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