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Sean Lennon: Bitcoin is more than a store of value
Sean Lennon: Bitcoin is more than a store of value
Bitcoin

Sean Lennon: Bitcoin is more than a store of value

By Eleonora Spagnolo - 23 Nov 2020

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Bitcoin is more than a store of value and blockchain can be revolutionary, this is what Sean Lennon, son of John Lennon and Yoko Ono, thinks. 

These are statements made during the Max Keiser Orange Pill podcast. 

During the interview with Max Kaiser himself and Stacy Herbert, John Lennon’s son admitted to having owned Bitcoin in the past, but then he lost them by leaving them unattended on some public website that ended in an unspecified way. Maybe it was some exchange that closed down, but Sean Lennon didn’t mention it explicitly.

Anyway, this experience marked him and made him distrustful of Bitcoin, for a very clear reason:

“My own ignorance”.

But despite this bad experience, today Sean Lennon admits that Bitcoin is something great:

“It just makes me feel like it’s not so much about an alternative store of wealth or something, it’s something much more interesting than that”.

Sean Lennon and the Bitcoin revolution

Sean Lennon adds:

“One of the things that’s interesting about blockchain is the implications it could have for currency and cash and banking and everything and how that might revolutionize society”.

However, all of this can have negative or uncertain consequences, mainly related to how governments react to these innovations. What is certain is that the son of the famous Beatle knows that the blockchain cannot be banned because of its decentralized structure and this will prevent Bitcoin from being banned.

But precisely because Bitcoin bypasses banks and centralized systems, it somehow abolishes the rule of law as it is known to us, because it prevents institutions from using money as a system of coercion. 

What will happen at this point? It seems to be this almost dystopian hypothesis that Sean Lennon is worried about. According to Max Keiser, eventually the governors will also adapt and promote Bitcoin. Such is the case with the Wyoming senator who is pro-Bitcoin and the state itself has already promoted pro-Bitcoin legislation. 

After all these considerations, Sean Lennon’s sentiment on Bitcoin is positive: 

“Bitcoin is one of the only things this year that has given me more optimism and happiness about my faith in the near future and just humanity in general”.

And he continues: 

“Bitcoin is something that empowers individuals, it empowers people in a way they’ve never been empowered before because even if they had gold they would have to carry that in a sack and someone could just steal it from them but something that transcends the physical world it means that you have total agency, you have total self-sovereignty and as long as you can remember your key phrase then you’re good to go”. 

Even if a despot comes, Sean Lennon thinks, a person can leave the United States with a backpack, a protein bar and a bottle of water and have his Bitcoin wherever he goes. Definitely more practical than gold. For this reason, he says:

“In an ocean of destruction that was this year, I find bitcoin to give me a kind of optimism, to be honest”.

The same optimism that all those who are seeing their investments grow as a result of BTC’s price rally are feeling. 

 

Eleonora Spagnolo
Eleonora Spagnolo

Journalist passionate about the web and the digital world. She graduated with honours in Multimedia Publishing at the University La Sapienza in Rome and completed a master's degree in Web and Social Media Marketing.

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