Interviewer: As a Palestinian and one of the most significant writers in the field of Bitcoin, and considering that the first country to adopt Bitcoin (El Salvador) is governed by a person of Palestinian origin, is there a specific relationship between us as Palestinians and Bitcoin?

Saifedean Ammous: Yes, I believe so. The international economic order, founded on central banking, has been detrimental to us as Palestinians. Therefore, it may be relatively straightforward for us to imagine a monetary system devoid of central bank control—a system in which currency operates autonomously, free from government control. Such control has been exploited in the past decades to destroy a significant portion of the global economy and harm Palestine.

On both an individual and collective level, Bitcoin holds significant importance within our Palestinian cause. The Bank of England, followed by the US Federal Reserve Bank, successfully controlled the world, both militarily and economically. Their economic dominance enabled military control, with their motivation being to subject the world to a central banking system benefiting them through inflation.

This global central banking system played a fundamental role in financing the Zionist movement from its inception. The Rothschild family, a prominent banking family, played a key role in establishing the global central banking system and contributed significantly to funding the Zionist project.

The central banking system, reliant on government-backed currencies, has profound ties to the Zionist movement. As Palestinians, we have borne the cost of this system for the past century. Deprived of our independent central bank, we are forced to utilize the central bank of Israel. This results in the printing of money, causing the depreciation of the Israeli currency over time. Consequently, the devaluation of the currency used by Palestinians facilitates the financing of the Israeli occupation.

7.5 million Palestinians predominantly use the shekel. An increase in the amount of shekels decreases its value for all users. However, when the printing of shekels is utilized to fund the occupation, the value of the shekel held by Palestinian citizens decreases, diverting its worth to support the occupation.

Bitcoin offers a vital means to escape theft perpetrated by the Israeli occupation through our use of the shekel. It serves as a way to circumvent economic restrictions imposed upon the Palestinian people. Globally, Bitcoin is poised to dismantle this system because its value surpasses that of government-backed currencies. Those who use Bitcoin will experience an increase in its value, benefiting them, while those relying on government cash may incur losses.

In the long run, we will revert to an economic system based on sound money, akin to gold, which cannot be produced arbitrarily. This shift will weaken central banks and governments worldwide that support the Zionist occupation and the Zionist movement.

~ Professor Saifedean Ammous