The Rush To Own India’s Bitcoin Market Is Back On - India's government has on & off banned Bitcoin/crypto over the last few years. It gives me immense pleasure that the supreme court of India was able to overturn their central bank. Central banks are cancer that plague humankind.
In 2016, when India's government banned 500 & 1000 Rupee notes, there was a cash crisis. Most of the notes people were holding suddenly became useless; their government decided they needed to destroy the money to prevent black market crimes. This move alone was no doubt responsible for many deaths. Why should a small group of people have the power to make such a malicious decision? Bitcoin strips power from the most powerful and puts it in the hands of the people. Bitcoin will end a significant amount of poverty in the world one day.
Bitcoin is needed most in 3rd world countries; in fact it's proven to be a saving grace. It's just going to take more time and education for people to see this - an entire social movement. I think in the long-term there could be a massive wealth shift in the world between the 1st & 3rd world countries. Early adoption of Bitcoin will most likely lead to more wealth in the future.
Finally, Indians have a massive appetite for gold, it's in their culture to have it in their portfolio. What do think is going to happen when they realize Bitcoin is a better gold? Gold supplies are drying up because of central banks. They can have their dinosaur money.
Hotel Bitcoin ATMs on the Rise With Addition of Swiss Hotel Dolder Grand - When it comes to money & finances, the Swiss are extremely wise. They understand the principles & benefits of Austrian economics. Bitcoin is Austrian economics; Fiat (Dollar, Euro, Yen etc) is Keynesian. In short, Austrian Economics is about scarcity, saving & accumulating capital for the future. Keynesian is short-term gratification, spending future money - they believe good debt is healthy. Keynesian is clearly not a good system as our entire system is built on it's fundamentals, and has led us to the massive financial crisis we're in today. There are next to no universities teaching Austrian economics, which is convenient for governments. Keynesian economics has allowed governments to spend & spend at the determent of their citizens.
No doubt Switzerland are quietly building massive amounts of Bitcoin infrastructure - they can see what's coming. Paypal & Visa saw how much money Square was making on Bitcoin sales, they wanted a cut. This is a similar trend that will only continue.
Are you ready for the wall of money coming?
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