In a thought-provoking statement on and beyond with a bold proclamation: “VOTE FOR bitcoin.” Srinivasan, leveraging his considerable influence in the tech and crypto spheres, articulated a vision that extends beyond mere investment advice, framing the choice between btc and the US dollar (USD) as a critical global referendum.
He argued: “The real election is btc versus USD, the primaries have already started around the world and every vote counts. So be sure to vote early and often. (…) The USD/btc exchange rate is the only financial indicator that DC cannot falsify”, highlighting the intrinsic transparency and resistance to manipulation that bitcoin offers compared to traditional financial metrics vulnerable to distortion by authorities central banks such as the Federal Reserve.
VOTE FOR bitcoin
The post below by @Macroscope17 it's excellent. Let me extend your point a step further: the real election is btc vs USD, the primaries have already started around the world and every vote counts. So be sure to vote early and often. Here's why this is more… https://t.co/qrLWEXgxvs pic.twitter.com/ZOjVokzy02
-Balaji (@balajis) March 17, 2024
bitcoin vs. The US dollar: the real choice
Srinivasan's statement underscores a growing distrust in traditional financial regulatory mechanisms and in the authenticity of bitcoin. Additionally, he emphasized the importance of recent legal and regulatory developments, pointing in particular to the August 29, 2023 ruling in the Grayscale case as a watershed moment.
“Since they cannot fake the price of bitcoin, the only thing the trading system could do is try to block the outflow of dollars to bitcoin. That's why the SEC fought access to ETFs for ten years. “They finally lost on August 29, 2023 (…) this court decision is important because it opened the floodgates, allowing value to flow into the bitcoin ledger and away from DC control,” he noted, suggesting the potential of the decision. to catalyze a more widespread crisis. value migration to btc.
The conversation about bitcoin's resistance to government control is a central theme in Srinivasan's speech. He maintains that btc exists on a ledger beyond the reach of the federal government, making it inherently resistant to “freeze, seize, inflate or confiscate” tactics that can be employed against more conventional assets. This feature of bitcoin, according to Srinivasan, not only protects individual wealth but also signals a broader shift in the way value is stored and exchanged.
Srinivasan's ideas extend to the investment landscape, where he states: “bitcoin's incentives were strong enough to recruit not only BlackRock, but also Franklin Templeton, Fidelity, and a critical mass of major companies.” This commentary speaks to the performance of btc and its emerging role as a necessary component of diversified investment portfolios. He provocatively suggests that bitcoin's absence from the market could soon be seen as a strategic misstep, signaling the growing widespread acceptance of cryptocurrencies as legitimate assets.
Addressing the broader implications of btc's rise, Srinivasan paints a vivid picture of a changing economic order. “His vertical rise indicates that something is wrong in the legacy economy (…) telling him that the smart money no longer has full faith and trust in fiat money,” he says. This observation not only criticizes the current state of traditional finance but also posits bitcoin as a beacon of market sentiment, indicating broader economic trends and concerns.
Perhaps most compelling, Srinivasan delves into the geopolitical and social dimensions of BGC's rise. He foresees potential conflict as traditional power structures react to bitcoin's decentralizing force. “Just visualize… the BLM/antifa/Hamas mobs… except this time with the support of the blue-controlled police and military,” he speculates, drawing parallels between historic crackdowns on dissent and what which he perceives as the inevitable backlash against bitcoin's disruption of established financial systems. and political norms.
Concluding his exhaustive presentation, Srinivasan summarizes the essence of his argument: “So: this is why btc vs USD is the real choice.” This statement elevates the discourse surrounding btc from technical and financial considerations to a philosophical and political statement.
For Srinivasan, the choice between bitcoin and traditional fiat currencies like the dollar transcends conventional economic debates and represents a critical juncture in the evolution of global finance and governance. Through his detailed and evocative commentary, Srinivasan not only defends bitcoin as a superior asset but also as a symbol of a broader movement toward transparency, autonomy, and resistance against centralized control.
At the time of publication, btc was trading at $67,464.
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