Prince Filip Karadjordjevic of Serbia and Yugoslavia recently said that an Arab country might adopt Bitcoin a lot sooner than the world expects.
According to Prince Filip, the Middle Eastern monarchies have a “sound financial system,” but they don’t have a “sound money” to go with it. He believes that these regions will soon recognize the potential of Bitcoin and adopt it “sooner than we think.”
Prince Filip said that these countries would find “Bitcoin to be their perfect money” and “it’s just a matter of time” before someone pitches that to them. However the timeline of this is speculative at best, while they have been posturing for years that some might adopt CBDCs.
Cultural Impact of Sound Money
Prince Filip went into further detail on a Bitcoin Reserve podcast on July 6. He says that “according to their readings, to the Quran, is actually that Bitcoin is their perfect money. It’s just a matter of time until someone pitches that to them, or they pitch it to themselves, and they get on board. Maybe you’ll see an Arab monarchy or an Arab country here or there adopting Bitcoin a lot sooner than you think.”
In July, Prince Filip tweeted a picture of him enjoying a local Bitcoin meet-up in Serbia’s capital Belgrade. This clearly indicates that he is a big fan of the biggest cryptocurrency in the world, bitcoin.
Moreover, he recently spoke about Bitcoin on a Serbian TV show hosted by Ivan Ivanović, where he stated that “Bitcoin is freedom, and this is something I want for everyone.”