Bitcoin is nothing more than the first institution of an emerging global nonstate. It is a noncentral bank that issues money and runs the infrastructure without a single employee, official, or leader. Such a movement changes the world. But how? What should we expect, and what should we be afraid of? For example, deflation. How will it change our daily lives? Will it be possible to take out a loan or mortgage? The questions deserve answers.

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June 19—21, 2025
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