He was then asked about crypto. Emphasizing that his advice “is definitely for free,” he began by saying “crypto” but quickly corrected himself to say “bitcoin.” Prince Philip said: “Not crypto but bitcoin. It’s only about bitcoin.” He continued:
Bitcoin is freedom, and this is something I want for everyone.
He described: “This is something everyone has to learn. They will learn slowly. Some people will not want to learn it because they are not used to it. They want to protect the system that they do well in.”
The prince noted: “But they don’t realize that that system, well maybe they do, is not advantageous to everyone else in the world, so billions of people around the world are not having a good time right now.”
The prince was interrupted by Ivanović after he said, “Well we need to take the money away from the state.” The TV host cautioned that the royalty’s statement could be misinterpreted. Both laughed.
Prince Philip proceeded to emphasize:
I think we need to have hard money again. We need to have good quality money that’s not subject to inflation.
Referring to inflation, he said the problem is happening now and “Especially since that last financial crisis in 2008 which extraordinary stimulus has been pumped into the economies.” He detailed: “And since then with the Corona pandemic, unprecedented amounts of stimulus have been pumped into the economy and, of course, where is this money going to go? It’s going to create inflation.”
Prince Philip proceeded to talk about bitcoin. “With Bitcoin, you don’t have that. You have a cap of only 21 million bitcoins that are going to be produced,” he described, adding:
Therefore it’s never going to be an inflationary asset and this helps to protect people.
“On top of that, it’s censorship-free. It’s very fungible. You can move it around … and it will help with people’s sovereignty, and it helps with people’s freedom,” the prince concluded.
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