Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...

RT Ignas | DeFi (@DefiIgnas)You don't need to read for long to feel bullish about the new EF mandate.Literally in the first page EF frames $ETH as self-sovereign "store of value and money" in an environment where "one’s money arbitrarily inflated away, frozen or simply expropriated are so high."That's Bitcoin's territory. It's the opposite to their previous infinite garden slop.Moneyness is the highest status an L1 token can reach. Only BTC has any claim to it today.No other L1 besides ETH has a chance at i ...

You don't need to read for long to feel bullish about the new EF mandate.Literally in the first page EF frames $ETH as self-sovereign "store of value and money" in an environment where "one’s money arbitrarily inflated away, frozen or simply expropriated are so high."That's Bitcoin's territory. It's the opposite to their previous infinite garden slop.Moneyness is the highest status an L1 token can reach. Only BTC has any claim to it today.No other L1 besides ETH has a chance at it right now. Because if L1 t ...

RT Nick Szabo (@NickSzabo4)Bitcoin's use as a global currency has already started. If you want to participate you have to find the people who are doing it and participate. So far, they are mostly in the third world, because the third world has the worst currencies and banks.Or, you could simply HODL, since in this preliminary epoch, Bitcoin's main strength in the developed world is as a long-term store of value. ...

RT Nick Szabo (@NickSzabo4)It can be hard to imagine right now with all the missiles flying and bombs falling, but there are many reasons to have hope for this world!* Younger generations reject Zionism. This will make the U.S. a much more peaceful country.* The era of globalism depressing worker wages is slowly coming to an end. For the next several decades, real wages in most occupations will rise. Albeit, the nature of many of those occupations will change, because of --* AI. AI can be good or evil. On t ...

RT Nick Szabo (@NickSzabo4)Bitcoin's use as a global currency has already started. If you want to participate you have to find the people who are doing it and participate. So far, they are mostly in the third world, because the third world has the worst currencies and banks.Or, you could simply HODL, since in this preliminary epoch, Bitcoin's main strength in the developed world is as a long-term store of value. ...

RT Nick Szabo (@NickSzabo4)It can be hard to imagine right now with all the missiles flying and bombs falling, but there are many reasons to have hope for this world!* Younger generations reject Zionism. This will make the U.S. a much more peaceful country.* The era of globalism depressing worker wages is slowly coming to an end. For the next several decades, real wages in most occupations will rise. Albeit, the nature of many of those occupations will change, because of --* AI. AI can be good or evil. On t ...

Ray Dalio, founder of Bridgewater Associates, stated that Bitcoin is not suitable as a long-term store of value or hedge asset due to reasons such as the lack of central bank support and the uncertainty surrounding its privacy protection and quantum resistance. He noted that gold is the "most established money" and the second-largest reserve asset held by central banks. https://t.co/FLI2SZqwWP ...

And it's possible that in the future there's no demand for Bitcoin. There's never going to be a situation where there's no demand for gold. When you own gold, even if you don't use it, somebody else will use it.Somebody else does need it, whether it's today or 100 years in the future. So that's what gives it its value. But with Bitcoin, nobody uses it for anything other than trading, right.Which doesn't count. Bitcoin can't be a store of value. People say, "Oh, Bitcoin is a store of value." No, there's no v ...

Gold being the incumbent neutral reserve assets, the obvious first choice is the one that central banks already hold. It's the one that almost everybody in the world understand to some degree. It's got this multi,000-year track record with the main caveat being that it's really slow and expensive to audit.So, it's it's great as savings, it's not great as settlement. When Germany wanted to repatriate part of its gold, it took years and they finished ahead of schedule and it still it took years. Whereas like, ...