pahueg on Nostr: I had a great time at Bitcoin Mena in Abu Dhabi. Here‘s what I gathered from ...
I had a great time at Bitcoin Mena in Abu Dhabi.
Here‘s what I gathered from talking to the CEO of Paxos and many others, representing Archip by Maerki Baumann (Swiss private bank in Bitcoin):
-The discussions about nation-state adoption in the region are real. However, it seems like they are waiting for the US to make its move. Once (If) this happens, the dominos will fall as per MatthewPines (npub128t…fadp)
-To paraphrase saifedean (npub1gdu…6nak): Not to rain on everybody’s parade but it feels like people in Bitcoin are overly bullish on the prospect of a US strategic Bitcoin reserve happening. Overall, while outsiders are probably discounting the odds too much, Bitcoiners should tame their enthusiasm. The Eric Trump speech was impressive, he remains a politician though!
-Behind closed doors, a new type of petrodollar deal 2.0 could be shaping up, referred to as the BTC-Stablecoin dollar or simply „crypto dollar“. To understand this, study what former Saudi Oil Minister Ahmed Zaki Yamani and Henry Kissinger thought up in the 1970s.
-The sheiks are not only into Bitcoin but other „crypto“ things as well. Overheard one sheik say to another: „Be aware: Many of these people here are Bitcoin Maxis“. And he said this in a skeptical undertone.
-Many Bitcoin and crypo influencer (as well as entrepreneurs) have been relocating to the Dubai region. I was suprised to see as many familiar faces noe actually living there. Also, the sheiks go out of their way to offer as many incentives as possible.
-Bitcoin is becoming ever more entrenched in the traditional finance system. Especially the $330 trillion real estate market is slowly but surely bitcoinized, be it through structured credit or home equity loans. Expect some interesting podcast episodes over the coming weeks and months on Less Noise More Signal
#Bitcoin #LNMS #SignalOverNoise #Stablecoins #EricaMena #BitcoinMENA #bitcoinmenaconf
Here‘s what I gathered from talking to the CEO of Paxos and many others, representing Archip by Maerki Baumann (Swiss private bank in Bitcoin):
-The discussions about nation-state adoption in the region are real. However, it seems like they are waiting for the US to make its move. Once (If) this happens, the dominos will fall as per MatthewPines (npub128t…fadp)
-To paraphrase saifedean (npub1gdu…6nak): Not to rain on everybody’s parade but it feels like people in Bitcoin are overly bullish on the prospect of a US strategic Bitcoin reserve happening. Overall, while outsiders are probably discounting the odds too much, Bitcoiners should tame their enthusiasm. The Eric Trump speech was impressive, he remains a politician though!
-Behind closed doors, a new type of petrodollar deal 2.0 could be shaping up, referred to as the BTC-Stablecoin dollar or simply „crypto dollar“. To understand this, study what former Saudi Oil Minister Ahmed Zaki Yamani and Henry Kissinger thought up in the 1970s.
-The sheiks are not only into Bitcoin but other „crypto“ things as well. Overheard one sheik say to another: „Be aware: Many of these people here are Bitcoin Maxis“. And he said this in a skeptical undertone.
-Many Bitcoin and crypo influencer (as well as entrepreneurs) have been relocating to the Dubai region. I was suprised to see as many familiar faces noe actually living there. Also, the sheiks go out of their way to offer as many incentives as possible.
-Bitcoin is becoming ever more entrenched in the traditional finance system. Especially the $330 trillion real estate market is slowly but surely bitcoinized, be it through structured credit or home equity loans. Expect some interesting podcast episodes over the coming weeks and months on Less Noise More Signal
#Bitcoin #LNMS #SignalOverNoise #Stablecoins #EricaMena #BitcoinMENA #bitcoinmenaconf