Post
Topic
Board Economics
Merits 1 from 1 user
Re: Turkey’s economic crisis can trigger the next crypto bull run
by
Hydrogen
on 26/08/2018, 09:56:48 UTC
⭐ Merited by eaglewhite80 (1)
Over the long term, the idea of economic crisis being contained inside turkey's borders could prove to be flawed.

Turkey's economic crisis, like venezuela's, might be traced back to overprinting of fiat currency.

If accurate, it could mean that every major nation on earth will experience this form of economic crisis inevitably as the united states, european union and major nations are all overprinting increasingly large sums of fiat in an effort to stave off deficit and debt.

While this could be good for bitcoin's value and longevity as increasingly large numbers of people transfer wealth into crypto markets in an effort to escape inflation, the economic implications could be terribad.

Sorry to say the sky is blue and water is wet but this does appear to be a somewhat neglected issue.