Post
Topic
Board Economics
how does devaluation of national currencies affect the crypto ecosystem?
by
Morbid
on 16/08/2018, 23:18:23 UTC
as per title how you recon the market is affected by individuals in countries like turkey, venesuella, brasil, argentina, russia, china, india (etc) which currently experience major currency devaluations against the dollar? normally it would be rather common practice to hold dollars as a hedge against the central bank's fiat denominations. though in countries like india they prefer gold. so now that an alternative is present how much buying pressure would it create to perhaps affect the bitcoin trend?