Crypto Fun Facts | Bitcoin and Religion

Crypto Fun Facts

Crypto Fun Facts

Even though most people ignore it, we all know that God doesn’t regard wealth and greed favorably. In theory, amassing riches, lending money with interest – all of that is essentially a sin. With Bitcoin and other cryptocurrencies rising in popularity, a large number of people may want to know how god feels about them. Although cryptocurrencies are generally against the status quo, trying to give people financial freedom, break the monopoly of big banks, or find and fund novel ways of solving age-old problems, they are also most commonly seen as investments. The Catholic church has made no official comment on the relationship of Bitcoin and religion so far, although in November of last year, CoinDesk did report on the Vatican hosting an address about Bitcoin and its role in slave trade. What the pope’s personal opinion is, however, we still don’t know. Protestant Christians, i.e. the majority of religious Americans, couldn’t care less about the pope’s opinion, though. To find out what Jesus would do, they can refer to their own pastors or several prominent Christian blogs.

On one such blog, the authors of 7 Powerful Habits of Highly Effective Christians say that the Bible mentions Bitcoin and that the cryptocurrency is somehow related to biblical prophecy concerning the last days. In their view, Christians should be more concerned about what the Bible says than investing in Bitcoin or following advice from mainstream media. Allegedly, the governments of the world have been closely monitoring Bitcoin and other cryptocurrencies in order to find ways to assert more control and further their own interests. On the other hand, in their reading, the Bible mentions Bitcoin in Daniel’s prophecy, in the verse that reads “many shall run to and fro, and knowledge shall increase.” Also, Bitcoin apparently fulfills the prophecy about the Mark of the Beast, since it could lead to powerful financial control, where “no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” The authors of the blog were unclear on whether the mark is the public address and the number the private key or vice-versa, or maybe they have a different interpretation. The Beast, or course, promotes wealth and prosperity, and that’s how he gets you. One thing is for sure, though: instead of putting your faith in Bitcoin, you should put your faith in God. After all, when Jesus comes back, Bitcoin will be worthless, just like silver or gold. Any good Christian should therefore repent and make sure that Bitcoin and the pursuit of wealth do not distract him/her from the path or righteousness.

Some Christians have denounced Bitcoin from an economic standpoint, as well, but many more are concerned about other connections of Bitcoin and religion, especially when it comes to the language used: “faith”, “believers”, “converted”, “preaching”, “fervor”, etc. There’s also the issue of JesusCoin and other joke cryptocurrencies that have found mainstream success.

Be that as it may, but Christianity is not the only religion in the world. The big news that got circulated on Friday, and the inspiration behind this article, is that Bitcoin has been declared halal, i.e. compliant with Islamic Sharia law. The announcement came after a study conducted by Muhammad Abu-Bakar, a Muslim scholar of Blossom Finance got published. At the moment, it is Islam, and not Christianity, that is the fastest growing religion in the world. Coincidentally, at approximately the same time when news outlets started reporting on Bitcoin being halal, the price of the cryptocurrency grew by $1,000 in an hour. Could this be a sign? Or maybe the price increase was in part due to the fact that 23% of the world’s population suddenly got encouragement from its religious leaders to double down on Bitcoin and religion. This could be big deal in Germany in particular, due to a large number of Muslims with access to technology and substantial income to spend.

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Author: Max Rothstein

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