It's that time of the quarter again, freaks; when we take a deep dive into the state of global base monies and where Bitcoin falls in line courtesy of our friends at Crypto Voices. As of the end of Q3 2021, Bitcoin remains the sixth largest base money in the world (minus gold and silver). Standing tall at the top of the charts with the big dogs and getting very close to surpassing the British Pound Sterling, which is issued by the oldest central bank in the world.
To celebrate Bitcoin creeping up on the pound sterling, Matthew has provided us with a bit of color on the Bank of England and their lack of transparency. As you can see from the tweets above, the BoE - like every single one of its counterparts around the world - does not feel the need to make the citizens of England aware of their dealings and the full contents of their balance sheet. This is pretty insane when you think about it. Central banks the world over control the most important tool that humans leverage, yet they are not forced to be completely transparent. There is something seriously wrong with the fact that the world has been bamboozled into believing that this is acceptable.
This is why we Bitcoin, freaks. In a world of centrally planned money with very little transparency a free market solution built on open source code that can be audited by any individual at any point in time. It is a vastly superior monetary system in every single facet when compared to the poor excuse for monies that exist on the planet today. In time, more and more individuals are going to realize this and Bitcoin shall continue to climb up the list of base monies until it reaches the throne.
I predict it surpasses the Great British Pound between now and the end of the year.
Snoop Dogg is a national treasure.
Enjoy your weekend, freaks.