{"id":38546,"date":"2025-07-24T11:01:32","date_gmt":"2025-07-24T11:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38546"},"modified":"2025-07-24T11:01:32","modified_gmt":"2025-07-24T11:01:32","slug":"its-not-just-hype-bitcoin-has-real-value-says-british-politician","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38546","title":{"rendered":"It\u2019s Not \u2018Just Hype\u2019 \u2014 Bitcoin Has Real Value, Says British Politician"},"content":{"rendered":"
\n

According to recent commentary by former Brexit Minister Jacob Rees\u2011Mogg on his YouTube<\/a> channel, the Bank of England risks shaking public faith in the pound if it presses ahead with new banknote designs.<\/p>\n

He argues that confidence in fiat money is built on shared belief rather than intrinsic worth. His warning comes as the Bank plans to roll out notes featuring modern images in place of familiar figures.<\/p>\n

History Of Hard Money<\/h2>\n

Rees\u2011Mogg traced paper currency back to 11th\u2011century China, when early notes first appeared. He pointed out that from 1660 to 1914 the British pound\u2019s buying power barely budged, thanks to its link with gold.<\/p>\n

By contrast, unbacked paper has a track record of inflation. He said that governments printing more money serve as a hidden tax on savers and bondholders.<\/p>\n

The Illusion Of Value<\/h2>\n

Based on reports, Rees\u2011Mogg held up a modern coin alongside a silver shilling from Charles\u202fI\u2019s reign. He noted that older coins kept value through their metal content, while today\u2019s base\u2011metal pieces rely entirely on trust.<\/p>\n

He warned that \u201cbelieving paper money has inherent value is a dangerous illusion,\u201d since notes and coins carry no worth outside the system that accepts them.<\/p>\n

\"\"<\/p>\n

Bitcoin And Gold Compared<\/p>\n

Rees\u2011Mogg drew a line from gold\u2019s long history to Bitcoin\u2019s fixed supply. Gold grows by roughly 1\u20132% a year through mining, and Bitcoin<\/a> cannot exceed 21\u202fmillion coins.<\/p>\n

He suggested this scarcity gives both assets \u201creal value.\u201d Bitcoin\u2019s decentralized protocol leaves no room for extra tokens, unlike fiat, which governments can flood with fresh notes at will\u2014especially after the 2008 financial crisis.<\/p>\n

\"\"<\/p>\n

Psychology Of Design<\/p>\n

He argues that the look and feel of money matter. Replacing familiar monarchs with abstract art, he said, weakens continuity and may chip away at trust.<\/p>\n

He warned that when confidence collapses, so does the currency, pointing to hyperinflation<\/a> in Weimar Germany and Zimbabwe as grim examples of what happens when people stop believing.<\/p>\n


\nCrypto Community Reaction<\/p>\n

Based on social posts, many in the crypto world cheered his nod to Bitcoin\u2019s \u201chardness.\u201d While Rees\u2011Mogg stopped short of calling crypto a better alternative, his focus on scarcity echoed long\u2011standing arguments from digital\u2011asset advocates.<\/p>\n

His comments add a mainstream voice to debates over whether Bitcoin can serve as a hedge against inflation and central\u2011bank overreach.<\/p>\n

Rees\u2011Mogg\u2019s warning reminds readers that money\u2019s strength goes beyond design. Day\u2011to\u2011day trust depends on how well the economy performs and how clearly central banks communicate.<\/p>\n

Featured image from Bitpapa, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

According to recent commentary by former Brexit Minister Jacob Rees\u2011Mogg on his YouTube channel, the Bank of England risks shaking public faith in the pound if it presses ahead with new banknote designs. He argues that confidence in fiat money is built on shared belief rather than intrinsic worth. His warning comes as the Bank […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38546","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38546"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38546\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}