In response, Buterin made collages of "highly recommended" tweets. He said he didn't know who Tom Brady was at first, comparing him to actor Tom Cruise. That's when Brady, who knew Buterin's identity, stepped in to applaud and praise the "prince of crypto."

Brady claimed Autograph "would not have been possible" without Buterin. Autograph has raised $170 million. The funds will be used to expand the business's NFT technology and user base, according to company spokespersons.

Time's first-ever blockchain-based NFT includes Buterin's cover piece. The decentralized magazine edition is out Wednesday. As part of its Web3 push, the publication now accepts Bitcoin (BTC), Ether (ETH), XRP, Dogecoin (DOGE), and other cryptocurrencies for digital subscriptions. The Bored Ape Yacht Club's governance and utility token, ApeCoin (APE), will soon be included in TIMEPieces' list of accepted cryptocurrencies.

Throughout the conversation, Buterin criticized the sector for publicly showcasing bitcoin and NFT wealth. There's a risk of gambling becoming an addiction with these $3 million monkeys, he says.

Buterin added there was "one silver lining" despite celebrities like Paris Hilton and Jimmy Fallon peddling their own Bored Apes and others "buying villas and Lamborghinis."

The recent blockchain-based attempts to help the Russia–Ukraine issue have served to remind the crypto community "that the ultimate objective of crypto is not to play games with million-dollar monkey photos, but to accomplish things that have substantial impact in the real world," according to Time.

Bitmex co-founder predicts $10,000 gold and $1 million Bitcoin

Since the start of the Russia-Ukraine conflict, the global financial circumstances have tightened, and Russia has been sanctioned by several governments.

Analysts and economists say the fighting and sanctions might harm the global economy, and the IMF warned on March 5 that the "economic repercussions are already rather serious." Soon after the IMF warning, US lawmakers proposed punishing Russia's gold reserves.

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In a statement on March 13, Russia's finance minister claimed half of the country's gold and foreign reserves had been frozen. "This is almost half our reserves. We have over $640 billion in reserves "He stated. Russian Finance Minister: "We are now unable to spend about $300 billion of these reserves."

The Eurasian Economic Union (EAEU) and China have discussed creating an independent international monetary and financial system. Also, the Russians' frozen gold is a source of intense debate. "Say hello to Russian gold and Chinese petroyuan," writes writer Pepe Escobar, containing a puzzle. "Whither the Russian gold?" Escobar's report inquires.

On March 16, co-founder of cryptocurrency exchange Bitmex Arthur Hayes wrote a blog post on abolishing the world's largest energy producer and the "Petro Dollar / Euro Dollar monetary system."

Hayes' blog post is long, yet instructive and cites extensively. According to Hayes, the "Petro Dollar" and "Euro Dollar" monetary systems will cease to exist on February 26, 2022.

Hayes also forecasts a financial disaster involving the whole global banking sector. "I am certain that losses sustained by commodities producers and traders will cause an enormous financial disaster," the Bitmex co-founder writes in a blog post. Hayes went on:

It is difficult to remove the world's largest energy producer — and the commodities resources they represent — from the banking system.

The Bitmex co-blog creator recounts how the US and the currency became a financial powerhouse. "America today exports money to the world on a macro basis, not goods," says Hayes.

Humans have created techniques for electronically communicating "value across centralised permissioned digital networks," Hayes said. While multiple countries administer the SWIFT payments network, Hayes claims the US and EU "basically control" it.

When a governing nation "decides to restrict all members from accessing the network," Hayes warns. "Should you save' in assets based on this centralized, permissioned digital monetary network?" he asks. The blog post stresses trusting a nation-state not to "expropriate your money." Also, according to the Bitmex founder's blog:

Remember that you don't own anything; you'rent' it from the business that runs the centralized, permissioned fiat digital monetary network.

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According to Hayes' blog article, gold will "phase shift" substantially higher than its present price. As a result of competition and demand, he anticipates "unfathomably high gold prices."

For Hayes, gold hitting $10,000 per ounce or more would "psychologically shock" global markets. Hayes believes most physical assets used to hedge will skyrocket in value, including bitcoin (BTC).

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"As gold surpasses $10,000, bitcoin approaches $1,000,000. It will be the largest wealth transfer in human history "“Hayes” He goes on to say that he considers gold and bitcoin to be hard money. "Both are kinds of hard money; one is analog (gold)," Hayes writes.

The Bitmex executive's blog entry concludes with a discussion of gold storage's benefits and drawbacks. "Most readers don't have a vault in a freeport to preserve their yellow pet stones," Hayes adds.

"It is impossible to ban the world's biggest energy source from a monetary system without catastrophic implications," Hayes writes on his blog. He predicts that after the war fog clears, "hard money instruments will rule all global business."